Sales figures are not adjusted for inflation. Given that both the January SPI (BRC) and December CPI (ONS) show inflation running at historically record levels, the rise in sales masked a much larger drop in volumes once inflation is accounted for. Covering the four weeks 1 – 28 January 2023 UK Total retail sales increased […]
Cart abandonment last year sat at 80% (in Q2 2022); clearly there is a huge proportion of consumers simply not completing their desired purchase. Clearly there is a breakdown in the customer journey and at its heart lies an intersection of trust in a brand and the buying process, and the overall customer experience. BNPL […]
We have now reverted to using Year-on-Year (YoY) footfall change. We will still provide a comparison to pre-pandemic levels (Yo4Y) in the first table (and last bullet) for continuity. Covering the four weeks 01 January – 28 January 2023 According to BRC-Sensormatic IQ data: Total UK footfall increased by 12.5% in January (YoY), 2.6 percentage […]
Period Covered: 01 – 07 January 2023 Shop Price annual inflation accelerated to 8.0% in January, up from 7.3% in December. This is above the 3-month average rate of 7.5%. This leaves shop prices at record-highs. Food inflation accelerated to 13.8% in January, up from 13.3% in December. This is above the 3-month average rate of […]
In the fourth quarter of 2022, the overall GB vacancy rate improved to 13.8%, which was 0.1 percentage points better than Q3 and 0.6 percentage points better than the same period last year. This was the fifth consecutive quarter of falling vacancy rates. All locations saw improvements in vacancy rates in Q4: Shopping Centre vacancies […]
Klarna, the global leader in the generational shift away from credit cards, has today revealed exclusive new data from PriceRunner, a Klarna company, showing the products which are bucking the inflationary trend this winter. Household goods, sports equipment, and luxury items have all fallen sharply in price over the past year. With inflation hitting 11% […]
Responding to the latest ONS Retail Sales Index figures, Helen Dickinson, chief executive of the British Retail Consortium, said: “Volumes fell for the ninth consecutive month as the cost of living squeeze caused consumers to rein in December spending. The high cost of household bills, particularly for energy, and rising food inflation, made for a […]
Online sales growth fell to -12% YoY in December, its lowest since March when the rate was still affected by lockdown comparisons. That’s according to the latest IMRG Online Retail Index, which tracks online sales for 200 retailers. This caps what has proven to be arguably the toughest year ever for online retail, with growth […]
Covering the five weeks 27 November – 31 December 2022 As well as the December footfall figures, we have also included an additional bullet this month covering the whole of 2022. According to BRC-Sensormatic IQ data: Total UK footfall for 2022 was 11.8% below pre-pandemic levels. This was a big improvement on 2021 footfall which […]
Period Covered: 01 – 07 December 2022 Shop Price annual inflation decelerated to 7.3% in December, down from 7.4% in November. This is above the 3-month average rate of 7.1%. This leaves shop prices remaining near record-highs. Food inflation accelerated strongly to 13.3% in December, up from 12.4% in November. This is above the 3-month average […]
