In Q1 2023, the overall GB vacancy rate remained at 13.8%, the same level as Q4 2022. It was 0.3 percentage points better than the same period last year. Two locations saw improvements in vacancy rates in Q1, with one location unchanged: Shopping Centre vacancies improved to 17.8%, down from 18.2% in Q4 2022. High […]
UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine issued in both Q4 2022 and Q1 2022. Despite representing the sector’s lowest quarterly total since Q4 2020, persistent inflation, high interest rates and tightening consumer spending will challenge an already delicate sector. Almost a third of listed retailers (30%) […]
Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, chief executive of the British Retail Consortium, said: “March saw sales volumes fall for the 12th consecutive month. But despite many consumers tightening their purse strings, they still wanted to celebrate special occasions, and there was particular strong growth in jewellery and cosmetics sales […]
Responding to the latest CPI inflation figures which shows headline inflation at 10.1% and food inflation at 19.1% Helen Dickinson, chief executive of the British Retail Consortium, said: “While households will be pleased to see that inflation may have passed its peak, prices are still high. Food prices, especially for fruit, vegetables and sugar, rose […]
For the third year running, more than 90% of customers reported receiving ecommerce deliveries at the first attempt, according to IMRG’s annual Consumer Home Delivery report, published in association with ecommerce fulfilment provider Huboo. However, the report shows that overall delivery satisfaction levels have fallen by 5 percentage points (from 92% in 2020 to 87% […]
March saw retail sales growth fall below inflation for the seventh time in nine months, according to new data revealed by accountancy and business advisory firm BDO LLP. Sophie Michael, head of retail and wholesale at BDO LLP, said: “Across the board, inflation is above 10%, and for food it now stands at a staggering […]
Authenticity is now a key new driver for revenue and loyalty among global shoppers as the trend for more mindful consumption continues, the latest research from Asendia, the leader in international e-commerce and mail delivery solutions, reveals. Original research of over 8,000 global shoppers in Asendia’s ‘How To Sell Direct In The Age Of The […]
Retail sales volumes are expected to return to growth next month for the first time since September 2022, following broadly unchanged sales in the year to March, according to the CBI’s latest Distributive Trends Survey. The survey, based on the responses of 135 companies (including 48 retailers) found: Retail sales volumes were broadly unchanged in the […]
Period Covered: 01 – 07 March 2023 Shop Price annual inflation accelerated to 8.9% in March, up from 8.4% in February. This is above the 3-month average rate of 8.4%. This brings shop price growth to a fresh high. Non-Food inflation accelerated to 5.9% in March, up from 5.3% in February. This is above the […]
New search data from MediaVision as part of its annual fashion report – https://www.wearemediavision.com/fashion-report-2023 – has revealed ‘bridge’ brands such as Phase Eight, Cos and Birkenstock are growing in popularity among fashion consumers. Not only that, they are overtaking luxury brands such as Chanel and Prada as the economic crunch sees even well-heeled shoppers looking for alternatives […]
