Period Covered: 01 – 07 March 2024 Shop Price annual inflation eased to 1.3% in March, down from 2.5% in February. This is below the 3-month average rate of 2.2%. Shop price annual growth is its lowest since December 2021. Non-Food inflation fell to 0.2% in March, down from 1.3% in the preceding month. This […]
Retail sales were broadly flat in the year to March, according to the latest monthly CBI Distributive Trades Survey. The stabilisation in sales follows ten months in a row of decline. Looking ahead, retailers expect year-on-year sales volumes to fall in April. The key survey findings included: Retail sales volumes were broadly flat in the […]
Responding to the latest CPI inflation figures which show headline inflation falling to 3.4% and food inflation falling 1.9 percentage points to 5.0%, Kris Hamer, director of insight of the British Retail Consortium, said: “After a rocky start to 2024, inflation is once again on its way down. February’s figures were driven by falls in […]
Fashion and sportswear shoppers value mobile-driven approach alongside in-store experiences 72% of fashion and sportswear shoppers prefer shopping both in-store and online 75% of all fashion and sportswear shoppers say their own mobile phone is the most important piece of technology available to them when in-store 6 in 10 fashion and sportswear shoppers are comfortable […]
Sales figures are not adjusted for inflation, however, the February SPI (BRC) and January CPI (ONS) show inflation running at higher than normal levels these positive sales figures mask a likely drop in volumes. As inflation falls in the coming months, retail sales figures will also naturally fall at the same time. Covering the four […]
Five leading trade bodies have written to the chancellor ahead of the Spring Budget, urging him to align the business rates rise in April with the rate of inflation at that point. Currently, April’s rise is linked to the previous September’s CPI, meaning retailers, hospitality & leisure venues, pubs and breweries will be saddled with […]
Covering the four weeks 28 January 2024 – 24 February 2024 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 6.2% in February (YoY), down from -2.8% in January. High Street footfall decreased by 9.3% in February (YoY), down from -2.3% in January. Retail Parks footfall decreased by 5.8% in February (YoY), down from […]
Period Covered: 01 – 07 February 2024 Shop Price annual inflation eased to 2.5% in February, down from 2.9% in January. This is below the 3-month average rate of 3.3%. Shop price annual growth is its lowest since March 2022. Non-Food inflation was unchanged at 1.3% in February. This is below the 3-month average rate […]
Sophie Lund-Yates, lead equity analyst, Hargreaves Lansdown: “Housebuilder stocks have fallen as the CMA launches a probe into the sector. Concerns include poor customer outcomes from the quality of new homes, with faults on the rise over the last ten years. A major trigger for the investigation is accusations that some major housebuilders are sharing […]
Violence and abuse against retail workers soared last year, with the latest figures from the British Retail Consortium’s (BRC) crime survey revealing that the number of incidents rose to 1,300 per day in 2022/23 from almost 870 per day the year before. This rise comes despite retailers investing heavily in crime prevention, spending £1.2bn on […]
