Consumer card spending increased 1.2 % year-on-year in September, after returning to growth in August, but remained lower than the latest CPIH inflation rate of 3.1 %. Non-essential spending saw its highest growth so far this year, at 2.7 %, as retailers’ discounting incentivised shoppers. Several retail sub-categories enjoyed a strong performance, such as clothing, […]
Covering the five weeks 25 August – 28 September 2024 UK Total retail sales increased by 2.0% year on year in September, against a growth of 2.7% in September 2023. This was above the 3-month average growth of 1.2% and the 12-month average growth of 1.1%. Food sales increased 3.1% year on year over the […]
Over 70 leading retail CEOs have written to the chancellor, Rachel Reeves MP, stating that “now is the time to level the playing field between industries”. In an open letter coordinated by the British Retail Consortium, CEOs have called on government to introduce a Retail Rates Corrector as part of their commitment to reforming the […]
Covering the five weeks 25 August 2024 – 28 September 2024 According to BRC-Sensormatic data: Total UK footfall increased by 3.3% in September (YoY), up from -0.4% in August. High Street footfall increased by 0.9% in September (YoY), up from -0.3% in August. Retail Park footfall increased by 7.3% in September (YoY), up from from […]
New data from digital transformation consultancy Daemon reveals that cyber security issues continue to plague Brits, particularly whilst shopping online. In the last 6 months alone, 36% have fallen victim to phishing scams, with other common issues including non-delivery of items once purchased (33%), credit card fraud (30%), counterfeit goods (28%) and identity theft (17%). These […]
Period Covered: 01 – 07 September 2024 Shop Price deflation was at 0.6% in September, down from deflation of 0.3% in the previous month. This is below the 3-month average rate of -0.3%. Shop price annual growth was at its lowest rate since August 2021. Non-Food remained in deflation at -2.1% in September, further down […]
The BRC Consumer Sentiment Monitor is being made public for the first time today, and will be published monthly henceforth Fieldwork conducted on 10 – 13 September 2024 According to BRC-Opinium data, consumer expectations over the next three months of their: Personal financial situation worsened to -6 in September, down from +1 in August. State […]
Retailers had been bracing themselves for a significant fall in High Street sales following anti-immigration riots and unrest in a number of UK cities in early August. In fact, sales volumes climbed by 1% thanks to the belated arrival of warmer weather, says the home delivery expert Parcelhero. High Street retailers will be breathing a […]
Responding to the latest ONS Retail Sales Index figures, which showed sales up 2.4% by value, and up 2.3% by volume, Kris Hamer, director of Insight at the British Retail Consortium, said: “With summer in full swing, sales growth picked up in August. Computing performed well as extensive summer discounting encouraged consumers to upgrade their […]
Responding to the latest CPI inflation figures, which show headline inflation unchanged at 2.2% and food inflation falling 0.2 percentage points to 1.3%, Kris Hamer, director of insight of the British Retail Consortium, said: “Headline inflation remained unchanged in August. Despite energy prices continuing to fall, this was counteracted by a rise in the transport […]
