Period Covered: 01 – 07 August 2023 Shop Price annual inflation decelerated further to 6.9% in August, down from 7.6% in July. This is below the 3-month average rate of 7.7%. Shop price growth is at its lowest since October 2022. Non-Food inflation remained unchanged at 4.7% in August. This is below the 3-month […]
Retail sales volumes fell in the year to August for a fourth consecutive month, and at the fastest pace since March 2021, according to the latest quarterly CBI Distributive Trades Survey. Sales are expected to contract again next month, albeit at a slower pace. The key survey findings included: • Retail sales volumes in the […]
According to Savills, rents on Edinburgh’s George Street have risen by as much as 25% in the last 12 months, reaching £150 per sq ft for prime Zone A units. This follows the latest deal to Me&Em, which brings the vacancy rate on the street to just 5%, falling from 15% at the height of […]
Online grabbed 27.4% of all retail sales in July, says the home delivery expert ParcelHero. That’s its biggest share of the market since February 2022. Britain’s lousy weather is being blamed for a fall in high street shopping as stores pray for late summer sun. Online sales soared while high street spending slumped, as the […]
‘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 […]
