UK FTSE Retailers issued 20 profit warnings in 2024, marking a slight improvement from the previous year, which saw 24 warnings, according to EY Parthenon’s latest Profit Warnings report. In the fourth quarter of 2024, FTSE Retailers issued seven profit warnings, a significant increase from the one warning issued in Q3. Although the total number of warnings […]
A survey of CFOs (chief financial officers) at 52 leading retailers has revealed significant concern about trading conditions over the next 12 months. Sentiment languished at a concerning -57 with 70% of respondents “pessimistic” or “very pessimistic” about trading conditions over the coming 12 months, while just 13% said they were “optimistic” or very “optimistic” […]
The later timing of Black Friday in 2024 meant it fell into December, rather than November figures, while the reverse was true in 2023. This artificially worsened November figures and improved the December figures. This effect cancels out for the ‘three month to December’ figure. Covering the four weeks 24 November – 28 December 2024 […]
Using ONS data, the experts at SumUp have revealed the cities where physical retail is on the rise. With the festive season approaching, many people will be visiting the UK high streets for Christmas gifting and the Black Friday sale, meaning our shopping districts are set for an influx of footfall. In the last few […]
This festive season, quality is trumping quantity as many cost and climate-conscious consumers choose to invest in higher-quality goods, even if that means purchasing fewer items overall. That’s according to new research of more than 2,000 UK consumers and over 500 UK high end merchants* conducted by Tink, a market-leading payment services and open banking platform. […]
Worldpay, a global industry leader in payments technology and solutions, has analysed its daily transactions data to determine consumers’ spending habits over the Christmas period. Amongst broader insights, it finds that Christmas Eve no longer sees significant last minute in-person spending, with retail spending peaking on 22 December. Please see below for a breakdown on […]
Budget changes bring benefits and challenges. Expansion and investment in city centres and retail parks. Delivering better experiences for shopping ‘day out’. Entertainment integrated into the retail mix. An acceleration of automation and use of AI in supply chains Reinvention of the department store and food hall. Challenges remain for online only stores. Prospects for […]
Today, The British Retail Consortium (BRC) has published its BRC Payments Survey, showing a rise in the use of cash for the second year in a row to 19.9% of transactions in 2023 (from 18.8% in 2022). Debit cards remained far and away the most common method of payment, increasing to 62.0% of transactions (66.7% […]
Savills research reveals that the recovery on Europe’s prime mass market high streets – well-located, high-traffic retail areas that serve a broad consumer base – has gained momentum, with Q3 year-on-year (YoY) rental growth averaging 9.9%, nearly seven times the 1.5% recorded a year earlier. Prime luxury streets also saw strong rental growth at 5.9% […]
Period Covered: 01 – 07 November 2024 Shop Price deflation was at 0.6% in November, up from deflation of 0.8% in the previous month. This is slightly above the 3-month average rate of -0.7%. Shop price annual growth remained its lowest rate since September 2021. Non-Food remained in deflation at -1.8% in November, up from -2.1% in […]
