Discounts push retail footfall to first January rise in nearly a decade Retail Retail footfall rose year on year in January for the first time since 2016, although the boost was likely due to Brits delaying festive spending in favour of discounted goods in the new year sales. Footfall rose by 1.4 per cent in January 2025 compared to 2024 in all UK retail destinations, according to data [...]
Consumer confidence in the economy dips following Budget Economics The British Retail Consortium's (BRC) sentiment monitor showed that consumers' confidence in the economy fell back to -19 in November, down two points from October.
‘Turbulent few months’ ahead for retailers as low consumer confidence lingers Business One of the UK’s largest retail bodies has warned that retailers could suffer in the next few months during the run-up to Christmas, due to a lack of consumer confidence in the economy. Confidence slumped in September, with an increasing number of Brits saying they expected the UK economy to get worse over the next [...]
Consumer confidence sinks as Brits ‘nervously await’ Budget September 20, 2024 Key future indicators of consumer confidence all sharply fell in September as Brits nervously awaited policy announcements in the Autumn Budget, according to fresh data. GfK’s long-running consumer confidence index fell sharply to -20 in September overall, with all measures – including personal finances, economy and purchase intentions – down month-on-month. “Headline consumer confidence has… [...]
Grocery inflation stabilises, but Brits still concerned about shopping costs September 10, 2024 Grocery inflation has returned to its downward trend but nearly two thirds of Brits remain worried about the rising cost of their shopping, according to fresh data. Annual grocery price inflation in the four weeks to 1 September fell to 1.7 per cent, down from 1.8 per cent in the previous four-week period, according to [...]
Financial distress soars in ‘extremely testing’ UK business environment July 22, 2024 Although consumer facing firms were hit the worst, levels of distress increased across 20 of the 22 sectors covered in the Red Flag Alert.
UK consumer confidence edges up after stagnant start to year April 26, 2024 UK consumer confidence improved by two points in April, after laying stagnant in March.