Violence and abuse against retail workers soared last year, with the latest figures from the British Retail Consortium’s (BRC) crime survey revealing that the number of incidents rose to 1,300 per day in 2022/23 from almost 870 per day the year before. This rise comes despite retailers investing heavily in crime prevention, spending £1.2bn on […]
2024 has gotten off to a very slow start for ecommerce sales, with online revenue falling -7% Year-on-Year (YoY) in January against a decline of -3.5% last year, according to the IMRG Online Retail Index, which tracks the online sales of over 200 retailers. While that is not the sharpest rate of decline in the […]
An Inverness local’s postal bake box delivery service is on hand to provide Highland residents with a selection of handmade sweet treats this Valentine’s Day. Bake Box Highland uses premium, locally-sourced and quality ingredients to create its curated range of products, which include Nutella chocolate brownies, red velvet white chocolate cookies and salted caramel shortbread. Louise […]
Sales figures are not adjusted for inflation. Given that both the January SPI (BRC) and December CPI (ONS) show inflation running at higher than normal levels, the rise in sales masked a likely drop in volumes once inflation is accounted for. Covering the four weeks 31 December 2023 – 27 January 2024 UK Total retail […]
Covering the four weeks 31 December 2023 – 27 January 2024 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 2.8% in January (YoY), up from -5.0% in December. High Street footfall decreased by 2.3% in January (YoY), up from -4.2% in December. Retail Parks footfall decreased by 1.8% in January (YoY), up from […]
Companies listed in the UK FTSE Retailers sector issued 24 profit warnings in 2023, a third (12) fewer than the 36 issued in 2022, according to EY-Parthenon’s latest Profit Warnings report. While 2023 saw a fall in the number of warnings issued by the retail sector compared to 2022, 40% of FTSE Retailers issued a […]
Today, Square, the technology company that makes commerce and financial services easy and accessible, has released its fourth annual Future of Commerce report. The report features comprehensive analysis on how business owners and consumers are considering the evolution of the restaurant, retail, and beauty industries, offering insights on how these businesses are shifting – and […]
Despite the ongoing challenges of the High Street, there continues to be a positive outlook for out-of-town retail, with record rents being set for drive thru/to units, according to SHW’s High Street & Out of Town Retail Focus Q1 2024. Richard Pyne, partner and head of retail agency at SHW, says: “On the High Street, […]
Period Covered: 01 – 07 January 2024 Shop Price annual inflation eased to 2.9% in January, down from 4.3% in December. This is below the 3-month average rate of 3.9%. Shop price annual growth is its lowest since May 2022. Non-Food inflation fell to 1.3% in January, down from 3.1% in December. This is below […]
Retail sales fell in the year to January at the sharpest pace in three years, according to the latest monthly CBI Distributive Trades Survey. This month’s decline extends a downturn in sales that stretches back to April 2023. Looking ahead, the slump in retail sales is expected to continue at the same rapid pace next […]
