Two countries, two groups of consumers, two sets of figures. One similar result. Whether it’s Brexit blues or election uncertainty, it seems consumers in the UK and US just aren’t in a spending mood at the moment. At least they’re not in the mood to buy certain things.
Britain’s a weirder place this week after the Brexit vote and consumer spending has already started to fall, according to one report.
There’s been a lot of confusing data about UK retail sales in May but now the official figures are out and what do they show? Retail was in a good place in May and clothing retail was the reason. Shock, Horror. Really? We’re continuously told that retail is suffering at the moment and clothing retail…
How did UK retail footfall fare in February? Hard to tell! The latest figures appear to show a clear cut trend but scratch the surface and you can see all sorts of movements developing with UK consumers turning into after-dark shoppers. So, let’s go for face value first: The British Retail Consortium (BRC) and Springboard said…
If a tepid holiday season had made any of us think that January sales would be weak, then the latest figures for e-tail in the UK have proved us wrong. IMRG Capgemini’s e-Retail Sales Index showed sales surging 15% online last month, so much better than the 7% they’d risen by in January 2015. The…
OK, first the apology – this report has some pretty dry figures so don’t expect sexy factoids. Second the excuse – if we really want to see what’s happening in retail, then we need to look at such figures. And as the Christmas season is always a game-changer for the sector, then the figures become…
It’s a challenging time for the luxury sector as profits take a dive due to… well, you know, the usual suspects – Russia, the Middle East, China – all those places that used to be the very reason luxury did so well. So how about Burberry? Well, on Thursday the UK luxury leader said its…
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