Period Covered: 01 – 07 June 2024 Shop Price annual inflation eased to 0.2% in June, down from 0.6% in May. This is below the 3-month average rate of 0.5%. Shop price annual growth is its lowest since October 2021. Non-Food remained in deflation at -1.0% in June, down from -0.8% in the preceding month. […]
With the growing popularity of budgeting challenges on social media, Brits are now increasingly conscious of how much they’re spending, with the term ‘No Spend’ having amassed 36.9 million posts on TikTok alone. But as trends come and go, it’s important for retailers to stay abreast and ensure they’re keeping up with whichever direction consumers […]
Retail leadership is more diverse than ever according to a new report from the British Retail Consortium and The MBS Group. The report reveals that the percentage of female board-level leaders has gone from 32.6% in 2021 to 42.3% in 2024, and the percentage of ethnic minority leaders on boards has nearly tripled from 4.5% […]
Responding to the latest ONS Retail Sales Index figures, which showed sales up 2.1% by value, and up 1.2% by volume, Kris Hamer, director of insight at the British Retail Consortium, said: “The record warmth of May led to a small recovery in retail sales for the month. Larger retailers outperformed small retailers, with clothing […]
Responding to the latest CPI inflation figures, which show headline inflation falling to 2.0% and food inflation falling 1.2 percentage points to 1.7%, Kris Hamer, director of insight of the British Retail Consortium, said: “The country will breathe a sigh of relief as inflation hits the Bank of England’s target of 2% for the first […]
Small to mid-sized clothing and homeware manufacturers saw their revenue fall sharply in the first quarter of the year, according to new figures released. Clothing businesses suffered a 40% decline in revenue, followed by homeware at over a quarter. The figures were compiled by supply chain technology company Unleashed, based on data from purchases, sales […]
Retailers and hospitality venues are set to make £2.75bn during the Men’s UEFA Euro 2024 campaign, kicking off on 14 Friday June – a new report reveals. The Men’s UEFA Euro 2024 Spending Report by VoucherCodes.co.uk, the UK’s most trusted savings site, reveals that 35.4m supporters are expected to tune into tournament at home, bars, pubs, and restaurants. […]
Covering the four weeks 28 April – 25 May 2024 UK Total retail sales increased by 0.7% year on year in May, against a growth of 3.9% in May 2023. This was above the 3-month average growth of 0.3% and below the 12-month average growth of 2.0%. Food sales increased 3.6% year on year over […]
Period Covered: 01 – 07 May 2024 Shop Price annual inflation eased to 0.6% in May, down from 0.8% in April. This is below the 3-month average rate of 0.9%. Shop price annual growth is its lowest since November 2021. Non-Food remained in deflation at -0.8% in May, down from -0.6% in the preceding month. […]
Responding to the latest ONS Retail Sales Index figures, which showed sales down 1.5% by value, and down 3.0% by volume, Kris Hamer, director of insight at the British Retail Consortium, said: “Sales volumes saw significant decline in April, falling for the third time in five months as the gloomy, wet weather combined with the […]
