UK Retail Sales Surge 6.9% in December Amidst Inflation Challenges
In a recent report by the British Retail Consortium (BRC), total retail sales increased by 6.9% in December 2022...
consumer confidence
Low Retail Sales Growth Predicted for 2023 by BRC
In a new analysis by the British Retail Consortium, retail sales are projected to grow between 2.3% to 3.5%...
Record High Shop Prices Amidst Inflation Surge
Inflation hits a new record high as shop prices surge 6.6% in October, with food inflation reaching 11.6%, according...
M&Co Appoints Administrators Amid Rising Costs and Lower Consumer Confidence
M&Co, a UK fashion retailer, has entered administration due to rising input costs and decreased consumer confidence. Joint administrators...
UK Consumer Confidence Rises Amidst Ongoing Cost-of-Living Crisis
Consumer confidence index rises three points in November, but remains near historic low: The consumer confidence index increased to...
Joules Seeks CVA Amidst Weak Trading Performance
Joules, a British lifestyle clothing brand, is exploring a possible Company Voluntary Arrangement (CVA) due to softening trading in...
UK Retail Footfall Narrows Gap from 2019 Amidst Cost of Living Crisis
In October, footfall in the UK narrowed to -9.8% compared to 2019 levels, according to Springboard's latest figures, showing...
ScS Reports Record Revenue Increase but Faces Challenges from Inflation and Reduced Consumer Confidence
ScS, a furniture retailer, reports an 8.6% revenue increase to £331.6 million for the year ended July 2022, but...
Retail Sales Up 2.2%, Online Non-Food Sales Down: Challenging Times Ahead for Retailers
In September, UK retail sales increased by 2.2% compared to the same month last year, according to the British...
UK Consumer Confidence Hits Record Low Amid Cost of Living Crisis
UK consumer confidence hits record low of -49% in September due to cost-of-living crisis, according to GfK research. Four...