Consumer Spending

Apr- 2025 -

10 April

Johnson’s unites with PIF and Bira on National Pet Shop Day

Johnson’s Veterinary Products has announced that it is partnering with the Pet Industry Federation (PIF) and British Independent Retail Association (Bira) for National Pet Shop Day. The event will return on 12 July 2025 following a successful first running in 2024. More than 200 pet shops participated in the inaugural…

Jul- 2024 -

24 July

Economy

Global pet industry to grow to $500bn in revenue by 2030, BI finds

The global pet industry will expand by more than 45% over the next six years, surpassing $500bn (£386.8bn) by 2030, according to a new report from Bloomberg Intelligence (BI). The surge will be driven by increasing pet ownership, particularly in emerging markets like China, robust sales in pet food, strong…

Mar- 2024 -

15 March

Economy

High street faces ‘unprecedented challenge’ says BIRA

The British Independent Retailers Association (BIRA) has said that the UK High Street is facing “unprecedented challenges” following the release of new data on retail occupancy. High-profile retail restructuring and administrations have resulted in a net of 14 store closures a day during 2023, according to research from LDC and…

Jul- 2022 -

12 July

Industry News

Cost of living crisis starts to impact sales, BRC finds

On a total basis, sales decreased by 1.0% in June, against an increase of 10.4% in June 2021, according to the latest figures from BRC’s sales monitor. This is below the three-month average decline of 0.8% and the 12-month average growth of 3.0%. UK retail sales decreased 1.3% on a…

Mar- 2022 -

16 March

Retailers

Retail sales monitor shows ‘cause for optimism’, Bira says

The British Independent Retailers Association (Bira) has said there is “cause for optimism” after the recent BRC-KPMG retail sales monitor for February 2022 which revealed that UK retail sales increased 2.7% on a Like-for-like basis from February 2021. According to the BRC the performance comes on top of an improved…

Jul- 2021 -

13 July

Economy

UK retail sales jump 13.1% in June

Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On a like-for-like basis, the country’s retail sales rose by 17% from June 2019, with non-food reporting a like-for-like sales jump of 47%. In the nation’s high street stores, sales were…

Jun- 2021 -

16 June

Economy

UK inflation hits 2.1% as clothing prices rise

Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from the Office for National Statistics (ONS). This increase has been fuelled by an increase in consumer spending as the British public comes out of lockdown. Meanwhile, clothing prices jumped by…

May- 2021 -

13 May

Economy

Pet stores report strongest April sales growth, Barclaycard finds

Pet stores and veterinarians saw the strongest sales growth out of any retail group in the specialist retailer category, according to Barclaycard’s report into consumer spending in April. Both vets and pet stores posted a 32.4% rise in sales over the period, compared to two years ago. In comparison, the…

Oct- 2020 -

23 October

Economy

UK retail sales grow for fifth consecutive month

Retail sales in the UK have risen for the fifth consecutive month, despite the introduction of the tiered lockdown system, according to the latest figures released by the ONS. Last month, overall growth in sales volume was up 5.5% compared with February’s pre-pandemic levels. In the three months to the…

Sep- 2020 -

7 September

Economy

GDP to contract £15.3bn each year if home working persists

Lower consumer spending and a decrease in economic clustering if pandemic levels of home working persist would reduce UK GDP by £15.3bn every year, according to new research published by PwC. The ‘Big Four’ accountancy firm said the hit to consumption is a result of office workers spending fewer days…