The messages emerging from the retail sector are very mixed. GfK’s UK Consumer Confidence Index soared in June to its highest level since the late 1990s, with consumers increasingly bullish about both their own financial prospects and the health of the economy overall. This optimism has partially filtered through to retail sales. In the 3 […]
The messages emerging from the retail sector are very mixed. GfK’s UK Consumer Confidence Index soared in June to its highest level since the late 1990s, with consumers increasingly bullish about both their own financial prospects and the health of the economy overall.
This optimism has partially filtered through to retail sales. In the 3 months to May, the ONS reported that retail sales volumes were up 4.7% year-on-year. Values were up by a more modest 2.6%, reflecting widespread deflation in the market – good for consumers, far less so for retailers.
Footfall trends are far less positive. BRC/ Springboard Footfall Monitor reported a 3-month average decline of -0.5% in May. The decline in traffic was steepest in shopping centres (-2%). There is clearly still some disconnect between consumer confidence and actual shopping behaviour.
Want to share your company’s latest updates, store openings, or partnerships?
Adidas expects an operating loss of more than $100 million for 2023.
Livat Xi’an is the largest foreign commercial property investment into Shaanxi Province.
In Partnership with Kerb and Claus Meyer.
MixC Shenzhen Bay opens in Shenzhen’s Nanshan district, blending luxury retail, art, and lifestyle into one destination, redefining the Asian…
From Nike’s storytelling to IKEA’s precision and Glossier’s human tone—the best retail press releases don’t just announce, they connect.
From Gucci Garden to Amazon’s Just Walk Out, leading retailers turn stores into stages. Here’s why experience is now the…
