Consumer Spending

Jul- 2017 -

28 July

Summer sunshine boosts retail sales

Retail sales growth picked up in the year to July, exceeding expectations for minimal growth, according to the latest monthly CBI Distributive Trades Survey. The survey of 111 firms, of which 57 were retailers, showed that the volume of sales grew at a healthy pace – driven by grocery and…

Jun- 2017 -

7 June

Current Affairs

Businesses unable to cope with interest increases, research shows

One in 25 businesses would be unable to pay off its debts if the interest rates were to increase, research from insolvency trade body R3 has shown. Some 79,000 (4%) UK companies said that a small increase would affect them financially, almost a quadrupling (20,000) of figures from previous research…

Feb- 2013 -

19 February

Current Affairs

Retail business running costs up £20bn since 2006

A British Retail Consortium (BRC) commissioned study by Oxford Economics has revealed that retailers’ operating costs have increased by a fifth since 2006. BRC’s new pre-budget research has seen the association call on the Chancellor, George Osborne, to maintain retailers’ contribution to the country by reducing business costs and re-building…

19 February

Britain’s shop vacancy rates reduce in 2012

The shop vacancy rate average in Great Britain reduced during 2012, reports the Local Data Company’s (LDC). In its latest shop vacancy report, More Clicks, Less Bricks, the LDC analysed more than 275,000 retails and leisure premises across nearly 2,000 retail centres to find that the shop vacancy rate in…

19 February

Retailers

Britain’s shop vacancy rates reduce in 2012

The shop vacancy rate average in Great Britain reduced during 2012, reports the Local Data Company’s (LDC). In its latest shop vacancy report, More Clicks, Less Bricks, the LDC analysed more than 275,000 retails and leisure premises across nearly 2,000 retail centres to find that the shop vacancy rate in…

Jan- 2013 -

25 January

Current Affairs

Retail sales growth slows in January

The CBI’s first monthly Distributive Trades Survey of 2013 revealed that retail sales growth slowed in January. Covering the opening fortnight of 2013, the survey shows 41 per cent of retailers reported increased year-on-year sales volumes and that 24 per cent reported a fall. Though better than the anticipated 10…

Sep- 2012 -

25 September

Current Affairs

BRC calls for support following global financial crisis research

Retail sales growth is now averaging half what it was in the years preceding the collapse of Lehman Brothers. Four years on from the bank’s failure, the British Retail Consortium (BRC) is publishing figures that show how much the global financial crisis impacted, and continues to impact on UK retailers.…

Jul- 2012 -

16 July

Industry News

UK economy to see a return to growth

The Ernst & Young Item Club has said in its latest quarterly forecast that falling inflation and a pick-up in consumer spending will help the UK return to growth. The forecast expects the inflation rate to fall to 1.7 per cent by the end of the year but overall growth…

16 July

Current Affairs

UK economy to see a return to growth

The Ernst & Young Item Club has said in its latest quarterly forecast that falling inflation and a pick-up in consumer spending will help the UK return to growth. The forecast expects the inflation rate to fall to 1.7 per cent by the end of the year but overall growth…

10 July

Current Affairs

High street defies gloom and holds steady in June

Britain’s high streets are “holding steady” despite the financial freeze, according to BDO’s High Street Tracker for June. In its latest report, BDO revealed that mid-tier retailers saw like-for-like sales rise 1.1 per cent year-on-year despite continuing economic uncertainty and the wettest June ever recorded on the Isles. The Queen’s…