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 […]
Period Covered: 01 – 07 July 2023 Annual Shop Price inflation decelerated to 7.6% in July, down from 8.4% in June. This is below the 3-month average rate of 8.4%. Shop price inflation is at its lowest level this year. Non-Food inflation decelerated to 4.7% in July, down from 5.4% in June. This is below […]
In Q2 2023, the overall GB vacancy rate increased to 13.9%, which was a 0.1 percentage point worse than Q1. It was a 0.1 percentage point better than the same period last year. Shopping Centre vacancies remain unchanged at 17.8%, the same level as Q1. High Street vacancies increased to 13.9% in Q2, 0.1% worse […]
Room rates of UK hotels reached an all-time high in June, according to the RSM Hotels Tracker, as consumers made the most of soaring temperatures; but is it just a matter of time before rising interest rates creep up on the sector? The data, which is compiled and produced by Hotstats and analysed by RSM […]
With the revenue of the global apparel market expected to grow by 11% in the next four years, it comes as no surprise that more and more people are looking to start a fashion business. With that in mind, the wholesale experts at JOOR conducted a study to find out which are the best countries […]
Responding to the CMA report released today, Helen Dickinson, chief executive of the BRC, said: “We welcome the CMA report which confirms that despite the challenges caused by rising costs throughout the supply chain, the grocery market remains as competitive and efficient as ever. Indeed, retailers have gone above and beyond to try and protect […]
Responding to the latest CPI inflation figures which shows headline inflation falling to 7.9% and food inflation falling to 17.3%, Helen Dickinson, chief executive of the British Retail Consortium, said: “Efforts by retailers to curb price rises and reduce inflation appear to be paying off as inflation rates for food fell for the third month […]
Consumer card spending grew 5.4 % year-on-year in June – less than the latest CPIH inflation rate of 7.9 %, yet noticeably higher than in May (3.6 %) – as the warm weather encouraged Brits to shop for summer clothes and socialise at pubs and bars. However, supermarket shoppers remain concerned about “shrinkflation”, while restaurants saw […]
June reported a decline in online retail revenue of -1.2% YoY, the 26th month in a row that growth has been negative or flat; that is according to IMRG’s Online Retail Index which tracks the online sales performance of 200 retailers in the UK. From a MoM perspective, total online market revenue increased +1.4% on […]
