Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, chief executive of the British Retail Consortium, said: “Volumes fell for the ninth consecutive month as the cost of living squeeze caused consumers to rein in December spending. The high cost of household bills, particularly for energy, and rising food inflation, made for a […]
Online sales growth fell to -12% YoY in December, its lowest since March when the rate was still affected by lockdown comparisons. That’s according to the latest IMRG Online Retail Index, which tracks online sales for 200 retailers. This caps what has proven to be arguably the toughest year ever for online retail, with growth […]
Covering the five weeks 27 November – 31 December 2022 As well as the December footfall figures, we have also included an additional bullet this month covering the whole of 2022. According to BRC-Sensormatic IQ data: Total UK footfall for 2022 was 11.8% below pre-pandemic levels. This was a big improvement on 2021 footfall which […]
Period Covered: 01 – 07 December 2022 Shop Price annual inflation decelerated to 7.3% in December, down from 7.4% in November. This is above the 3-month average rate of 7.1%. This leaves shop prices remaining near record-highs. Food inflation accelerated strongly to 13.3% in December, up from 12.4% in November. This is above the 3-month average […]
Shoppers are being advised to buy big if they want to avoid price hikes on eggs this winter – with the cost of very large eggs rising at a slower rate than medium ones. Experts from price intelligence company Skuuudle have revealed new data which tracks the rising cost of eggs over the past five […]
According to Savills analysis of Valuation Office Agency (VOA) data, the 2023 revaluation of business rates has the potential to polarise the market with some retailers and leisure operators faring better than others. Savills states that the changes are largely positive, with some retailers, such as department stores, prime high street retailers and shopping centres, […]
Despite latest news reports citing plunging crypto prices, a quarter (25%) of Brits would like Amazon to offer cryptocurrency as a payment option. The Cryptocurrency on the High Street Report by trusted savings site VoucherCodes.co.uk, analyses the UK’s attitudes and spending behaviours towards virtual currency. It reveals that over a third (34%) of people now […]
Black Friday brought retailers a small sigh of relief this year. Following months of consistent negative growth and against a backdrop of continued challenges, such as the cost-of-living crisis and postal strikes, retailers have collectively defied the odds and achieved +0.7% Year-on-Year (YoY) growth in November. While this figure is low and suggests some customer […]
New data has revealed there’s been a fall in positive sentiment in reviews recorded on Trustpilot in the UK since April this year, as consumers continue to feel the impact of the cost of living crisis. As part of the new quarterly ‘Online Review Index’, which is a dip into review data highlighting customer sentiment […]
Today, the British Retail Consortium (BRC) published its latest annual Payments Survey. The report reveals that in 2021, as stores closed for lockdowns and the public was advised to use contactless payments, cash usage fell to just 15% of all transactions (down from 30% in 2020), while 82% were made on credit or debit cards […]
