Period Covered: 01 – 07 March 2022 Shop Price annual inflation accelerated to 2.1% in March, up from 1.8% in February. This is above the 12- and 6-month average price increases of 0.1% and 1.1%, respectively. This marks the highest rate of inflation since September 2011. Food inflation accelerated to 3.3% in March, up from […]
Responding to the latest ONS Retail Sales Index figures, which showed 10.0% year-on-year sales growth in January (value, non-seasonally adjusted retail sales excluding fuel: J3L2), Helen Dickinson, chief executive of the British Retail Consortium, said: “Sales growth fell slightly in February as rising concerns about inflation appeared to dampen consumer appetites. Stronger sales results could […]
Responding to the latest CPI inflation figures which show headline inflation at 6.2%, and food inflation at 5.1%, Helen Dickinson, chief executive of the British Retail Consortium, said: “Rising inflation remains a significant concern for the economy, squeezing household incomes and increasing cost pressures on retailers. For the second month in a row, Transport saw […]
Customers should expect changes in the way they shop online from today, in a move to combat online fraud. The changes are a result of new Strong Customer Authentication (SCA) requirements, a set of rules that will change how you confirm your identity when making online purchases. While SCA rules have applied to a small […]
The pandemic has meant much of retail bounced between being open and closed, significantly impacting sales and changing consumer behaviours. In February 2021, non-essential retail stores were closed, 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 been […]
Covering the four weeks 30 January – 26 February 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 since March 2021 are compared to their pre-pandemic levels (year-on-2-years, Yo2Y), rather than year-on-year. According to BRC-Sensormatic IQ […]
Lloyds Banking Group has entered a partnership with fintech Bink. Together they will transform the way customers of the bank’s retail brands are able to connect with retailers and their reward and loyalty programmes. Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes. This ensures customers are identified and […]
Period Covered: 01 – 07 February 2022 Shop Price annual inflation accelerated to 1.8% in February, up from 1.5% in January. This is above the 12- and 6-month average price decrease of 0.3% and increase of 0.5%, respectively. This marks the highest rate of inflation since November 2011. Non-Food inflation accelerated to 1.3% in February, […]
New Government figures show January’s online retail sales collapsed by -4.5% against the previous month and -20.8% against January 2021. However, that doesn’t mean the e-commerce genie has been put back in the bottle, says ParcelHero At the height of the pandemic, back in February 2021, online sales grabbed 35.6% of all retail trade as […]
National independent business directory & marketplace, Shopli, believes shopping has changed for good as consumers are more focussed on their local communities, sustainability and supporting independent businesses and this trend is set to continue to grow in 2022. This optimism is being reflected in recent figures from the BRC-LDC Vacancy Monitor that shows the level […]
