Credit, Collections & Insolvency News
Total retail sales increased by 1.2% year on year in December, against a growth of 3.2% in December 2024. This was below the 12-month average growth of 2.3% according to analysis by the British Retail Consortium. Food sales increased by 3.1% year on year in December, against a growth of 1.7% in December 2024. This…
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Retail footfall has declined for the sixth consecutive month, according to the British Retail Consortium (BRC). Total activity fell by 0.7% in October, led by drops in shopping centre and retail park footfall. Helen Dickinson, Chief Executive of the British Retail Consortium, said “While overall footfall fell for the sixth consecutive month, there was some…
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Latest data from the British Retail Consortium (BRC) has shown an improvement in consumer confidence as Christmas approaches. According to BRC-Opinium data, consumer expectations of their personal financial situation over the next three months improved slightly to -4 in October, up from -6 in September. The state of the economy improved slightly to -17 in…
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Retail sales shrugged off the expected drag from May’s extra bank holiday, rising for the second successive month however the EY ITEM Club is predicting that persistent inflationary pressures and rising mortgage costs mean a sustained retail renaissance is unlikely in the near-term, with sales growth set to remain slow throughout this year. Low unemployment…
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