‘Barbie’ and ‘Oppenheimer’ led to a blockbuster month for cinemas, up 101 % International travel spending held up, while pharmacy, health & beauty stores were boosted by pre-holiday purchases High street and hospitality sales were hampered by wet weather in early August, as fewer Brits visited shops, restaurants and pubs Meanwhile, consumers are noticing that […]
Leisure experience developer Pocket Planet announces today the details of a unique new immersive experiential attraction for London, set to attract over a million visitors per year and to support the revitalization of Oxford Street. Pocket Planet is building an innovative visitor and retail experience offering Londoners, visitors and tourists of all ages and nationalities […]
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 […]
