Brits are embracing shopping small, with shoppers willing to pay more to prioritise purchases from small businesses over larger competitors this holiday season, reveals new research from GoDaddy. Over half (54%) of shoppers aim to have their gift shopping for the festive season completed ahead of December, with seven in 10 reporting that, despite cost-of-living […]
New insights from Experian, in partnership with Reward, reveal that consumers – despite the festive tradition of heading to the high street – are likely to do more of their Christmas shopping online this year than previously. This is according to analysis based on transaction data from over 4 million UK cardholders across more […]
The UK convenience store market is poised for further growth, with international real estate advisor Colliers forecasting store numbers to grow an additional 9% by 2027 as the market continues to expand. The research from Colliers has found that, in the last decade, the number of convenience stores in the UK has risen substantially, from […]
Consumer card spending grew 0.7 % year-on-year in October – less than September’s increase (1.2 %) and below the latest CPIH inflation rate of 2.6 %. Growth was propped up by spending on non-essential items, which climbed 2.1 %, driven by the strong performance of entertainment, up 13.5 %, and the recovery of retail, which […]
Covering the four weeks 29 September – 27 October 2024 UK Total retail sales increased by 0.6% year on year in October, against a growth of 2.6% in October 2023. This was below the 3-month average growth of 1.3% and the 12-month average growth of 1.0%. Food sales increased 2.9% year on year over the three […]
Covering the four weeks 29 September 2024 – 26 October 2024 According to BRC-Sensormatic data: Total UK footfall decreased by 1.1% in October (YoY), down from +3.3% in September. High Street footfall decreased by 3.6% in October (YoY), down from +0.9% in September. Retail Park footfall increased by 4.8% in October (YoY), down from +7.3% in September. Shopping Centre footfall decreased by 1.6% in October (YoY), down from […]
New analysis from UKHospitality and the British Retail Consortium reveals that the sectors collectively pay one third of all business rates in the UK, while accounting for 9% of the economy. Both organisations are united in their call for the chancellor to implement a fairer level of business rates for hospitality and retail at the […]
Research on Peak Season shopping – Black Friday and Cyber Monday (BFCM) – in the UK released by leading digital payments company Checkout.com reveals this year’s upcoming trends. This data comes from a broader study analysing consumer trends driving the Digital Economy: Peak Season Trends 2024. Bargain-hunting Brits are planning to expand beyond clothing, beauty and […]
The Office for National Statistics has reported retail sales figures in Great Britain for September: · Retail sales volumes rose by 0.3% in September 2024 following a rise of 1.0% in August. · Non-food store sales volumes rose by 2.5% in September, Food fell by 2.4%. · Retail sales had been expected to rise by 0.3%. Charlie Huggins, manager […]
Responding to the latest CPI inflation figures, which show headline inflation falling to 1.7% and food inflation rising 0.6 percentage points to 1.9%, Kris Hamer, director of insight of the British Retail Consortium, said: “Inflation was down on August, dropping below the Bank of England’s 2% target for the first time in over three years. This was driven […]
