Brits are tightening their belts and resisting the urge to splurge, new research reveals – with £10bn worth of goods ditched from online shopping baskets over the past six months. Research from payments provider Mollie shows that 85% of shoppers have neglected up to ten shopping baskets since Christmas, highlighting the cost of living squeeze. […]
Retailers reported average sales for the time of year in May but expect them to dip below seasonal norms again next month, according to the CBI’s latest quarterly Distributive Trades Survey. Year-on-year selling prices continued to grow at a similarly rapid pace to February, though retailers expect price growth to ease slightly in the coming […]
New York, Paris and London have demonstrated that they retain the key fundamentals of a successful retail location and are set to bounce back quicker this year than other destination cities, according to Savills Retailer Attractiveness City ranking, produced as part of its 2022 global Impacts research programme. “These cities all benefit from affluent domestic markets […]
At a time of rising inflation, online retail sales fell -12% Year-on-Year (YoY) in April. That is according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. With last month’s results representing the first time in two years that the Index was not skewed by pandemic […]
If current model of retailing continues there will be further failures Store is a vital provider of groceries for some Retail expert from the University of Salford Business School, Dr Gordon Fletcher, comments as Morrisons buys the ailing McColl’s convenience store chain. Dr Fletcher said: “As a decision about the future of McColl’s bounced around […]
Period Covered: 01 – 07 April 2022 Shop Price annual inflation accelerated to 2.7% in April, up from 2.1% in March. This is above the 12- and 6-month average price increases of 0.4% and 1.5%, respectively. This marks the highest rate of inflation since September 2011. Food inflation accelerated to 3.5% in April, up from […]
In the first quarter of 2022, the overall GB vacancy rate decreased to 14.1%, which was a 0.3 percentage point down from Q4 2021. This was only the second quarter of falling vacancy rates since Q1 2018. All locations saw a decrease in vacancies in Q1, with Shopping Centre vacancies falling to 19.0%, down from […]
Specialist business property adviser, Christie & Co is pleased to report Johnstown Village Convenience Store in Wrexham, Wales has been sold at well over asking price, to an experienced operator from the south of England. Funding for the sale was secured by Christie & Co’s sister company, Christie Finance. Ideally positioned along Johnstown’s high street, […]
The pandemic has meant much of retail bounced between being open and closed, significantly impacting sales and changing consumer behaviours. In March 2020, non-essential retail stores began to close, pushing many consumers to buy goods online. In this context, while all comparisons are provided on a year-on-year (YoY) basis, those focused on online/in-store have also […]
Covering the five weeks 27 February – 02 April 2022 Since the pandemic started, much of retail has bounced between being open and closed, impacting footfall significantly. To make meaningful comparisons to changes in footfall, all figures are compared to their pre-pandemic (2019) levels. This means our 2022 figures are year-on-three-years (Yo3Y). However, we have […]
