Now hang on just a minute. Only last week I published a report about UK retail that said May was a tough month but consumers were buying ‘big ticket’ items (you know, sofas, beds, washing machines etc). But they weren’t buying discretionary stuff like fashion. Then a report this morning seemed to confirm the tough…
Another report about UK shopper footfall came out yesterday but I didn’t report on it because it was yet more of the same – store traffic down, not many people interested in spring clothes etc etc. But yet another set of figures is out today and I’m reporting this one because it really highlights just…
It’s brutal out there. Retail sales weren’t exactly great last year and this year they’ve been… well, disappointing would be an understatement. So was April any better? Not according to the latest BDO high street sales tracker.
2016 isn’t shaping up to be a stellar year for retailers. It didn’t start well with stock markets mayhem making a lot of people nervous. But a partial recovery since then held out some hope… until retailers and luxury companies started giving us their financial results, that is. M&S clothing sales stayed anaemic, Next gave…
Americans are getting ready to show us all why this is the world’s standout consumer spending market with an Easter spending binge.The National Retail Federation said yesterday that US consumers anticipate spending more than ever around Easter this year.
The importance of Chinese tourist spending to retail around the world has become even clearer with China’s Ministry of Commerce saying over 120m of its citizens travelled abroad last year, 12% more than in 2014. And Chinese President Xi Jinping thinks the number will reach 500m by 2020.
China is trying to turn itself from a classic industry-based emerging market into a consumer-led one. Is it succeeding? The latest retail spending figures for China’s big New Year spring festival, which is as much about shopping as anything else these days, suggest it is. And the world is breathing a sigh of relief.
The world may be getting economic jitters generally but US consumers are going to keep on spending. That’s the option of The National Retail Federation, which released its 2016 economic forecast late yesterday. But the good news comes with a sting as the increase won’t necessarily be about individuals spending more. Instead, falling unemployment means…
The dust is settling on Christmas 2015 so how was the season overall? Not bad, it seems, even if fashion had a pretty tough time. UK spending in the all-important festive shopping period grew 2.1% year-on-year, MasterCard SpendingPulse said today, adding that despite deflation and discounting, this retail spending growth shows the strength of UK…
US households plan to spend an average of $576 on gifts this holiday season, up from $538 last year, business research group The Conference Board said late Thursday. Should you care? Well, yes, because the fact is that though shoppers expect to spend more, they also expect to get more for their money – a lot more. Those…
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