‘Essential’ retailers – discount grocers and value homeware brands – have continued to lead the number of new store openings on the UK’s out-of-town retail parks, accounting for 19% (94) of total new unit openings in H1, equating to 39.2% of additional floorspace, according to Savills. Overall, the UK’s out-of-town retailers have continued to perform […]
Wayflyer, the revenue-based financing and growth platform for eCommerce businesses, today announces the launch of Wayflyer Benchmarks, a tool which unlocks valuable data for eCommerce founders looking to optimize their business and marketing performance. The free resource provides in-depth reports and insights, allowing users to accurately assess how their performance compares to that of their […]
Responding to the latest CPI inflation figures which shows headline inflation falling to 6.8% and food inflation falling to 14.8%, Helen Dickinson, chief executive of the British Retail Consortium, said: “Headline inflation fell again, driven by falling household bills and clothing prices. Food inflation eased to its lowest level in almost a year: many households […]
The world’s leading luxury department store, Harrods, has completed of an ambitious 18-month project, led by KPS, to elevate customer experiences by streamlining their journeys both online and offline. Among the benefits are improved customer loyalty via a unified approach to communications and promotional activities, and the ability to enhance sales via increased customer engagement […]
Sales figures are not adjusted for inflation. Given that both the July SPI (BRC) and June CPI (ONS) show inflation running at very high levels, the rise in sales masked a drop in volumes once inflation is accounted for. Covering the four weeks 2 – 29 July 2023 UK Total retail sales increased by 1.5% […]
Covering the four weeks 02 July – 29 July 2023 According to BRC-Sensormatic IQ data: Total UK footfall increased by 1.8% in July (YoY), up from -1.9% in June. High Street footfall increased by 1.6% in July (YoY), up from 0.6% in June. Retail Parks saw footfall increase by +1.4% in July (YoY), up from […]
Period Covered: 01 – 07 July 2023 Annual Shop Price inflation decelerated to 7.6% in July, down from 8.4% in June. This is below the 3-month average rate of 8.4%. Shop price inflation is at its lowest level this year. Non-Food inflation decelerated to 4.7% in July, down from 5.4% in June. This is below […]
In Q2 2023, the overall GB vacancy rate increased to 13.9%, which was a 0.1 percentage point worse than Q1. It was a 0.1 percentage point better than the same period last year. Shopping Centre vacancies remain unchanged at 17.8%, the same level as Q1. High Street vacancies increased to 13.9% in Q2, 0.1% worse […]
Room rates of UK hotels reached an all-time high in June, according to the RSM Hotels Tracker, as consumers made the most of soaring temperatures; but is it just a matter of time before rising interest rates creep up on the sector? The data, which is compiled and produced by Hotstats and analysed by RSM […]
With the revenue of the global apparel market expected to grow by 11% in the next four years, it comes as no surprise that more and more people are looking to start a fashion business. With that in mind, the wholesale experts at JOOR conducted a study to find out which are the best countries […]
