Urgent reforms to the UK’s outdated business rates system and inflexible Apprenticeship Levy are essential to support a retail and wholesale industry which underpins economic activity in every town and city across the country. New research by CBI Economics, conducted on behalf of the CBI and its retail members, reveals retail and wholesale activity is […]
Retailers are being forced to build on their value credentials as consumer budgets are squeezed further into the festive season. In line with today’s British Retail Consortium (BRC) Retail Sales Monitor figures, OC&C’s latest annual Retail and Proposition Index report reveals that, with 43% of consumers planning to spend less in the next 12 months, […]
October represented the nineteenth consecutive month of negative Year-on-Year (YoY) growth in online retail, where sales were down -3.4%. That’s according to the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers. Month-on-month (MoM) figures recorded a positive +11.7% uptick from September, suggesting current demand trends in the lead up to […]
The latest research by digital identity specialists, ID Crypt Global, has revealed that the UK convenience store market has increased by almost 4.1% in size in 2022, generating revenues to the tune of £47bn. However, it’s estimated that 37% of businesses are failing on ID checks, with the growth of the sector suggesting more minors […]
Covering the four weeks 02 October – 29 October 2022 We have added an additional bullet point that provides YoY footfall changes. These figures are positive as, while retail remains below its pre-pandemic levels, it has continued to improve over the past year. In January we aim to return to focusing on YoY figures but […]
Period Covered: 01 – 05 October 2022 Shop Price annual inflation accelerated to 6.6% in October, up from 5.7% in September. This is above the 3-month average rate of 5.5%. This marks another record for shop price inflation since this index started in 2005. Food inflation accelerated strongly to 11.6% in October, up from 10.6% in […]
In the third quarter of 2022, the overall GB vacancy rate decreased to 13.9%, which was 0.1 percentage points better than Q2 and 0.6 percentage points better than the same period last year. This was the fourth consecutive quarter of falling vacancy rates. All locations saw improvements in vacancy rates in Q3: Shopping Centre vacancies […]
The online retail market continued to see negative-on-negative Year-on-Year (YoY) growth in September, with UK sales down -3.3%. That’s according to the latest IMRG Capgemini Online Retail Index, which tracks online sales for 200 retailers. Though this represented a slight improvement on August’s -4.1% result, the performance was not significantly different to that recorded for […]
Sales figures are not adjusted for inflation. Given that both the September SPI (BRC) and August CPI (ONS) show inflation running at historically high levels, the small rise in sales masked a much larger drop in volumes once inflation is accounted for. Covering the five weeks 28 August – 1 October 2022 On a Total […]
Covering the five weeks 28 August – 01 October 2022 We have added an additional bullet point that provides YoY footfall changes. These figures are positive as, while retail remains below its pre-pandemic levels, it has continued to improve over the past year. In January we aim to return to focusing on YoY figures, […]
