Economic Data

Retail Sales – June 2014

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Official figures from the ONS showed retail sale s remained robust in June, but the UK’s appetite for spending seems to be cooling. In June 2014, the amount spent in the retail industry increased by 3.5% compared with June 2013 and by 0.8% compared with May 2014. Non-seasonally 

Online Retailing 2014

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Internet users grew to 82% of the UK adult population in the final quarter of 2013, equivalent to 41.5 million users, according to the Retail Economics Online Retailing 2013 Report*.  In addition, the number of mobile internet users increased to 19.7 million, or 39% of adults, from 35% in the first

Retail Inflation – June 2014

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Shop price deflation fell to 1.8% in June from 1.4% in May, fourteen consecutive months of deflation according to the BRC-Nielsen Shop Price Index. The overall fall was driven by non-food inflation which fell to 3.4% while food inflation fell to 0.6% from 0.7% in the previous

Which is the best measure of retail sales?

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Retail sales act as a vital bell weather to measure the economic vitality of our economy and so their measurement is of great importance. It would be easy to assume that collecting data on retail sales is uncomplicated but it is not an easy industry to distil in statistical terms.  There

Impact of London Olympics 2012 on UK Retail

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The impact of the London Olympics is likely to generate a boost to retail sales in the region of £200 million in the third quarter of 2012 according to research from Retail Economics. This equates to less than 1% of total retail spending throughout the year. This modest rise in

Retail vacancy rates hit 14%

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Shop vacancy rates have stabilised at 14% in the first half of 2011 according to the latest data from the Local Data Company (LDC). But the gap between the worst and the best performing locations has widened with some locations,

The Consumer Recession

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Cracks in the UK economic recovery appear to have widened since the turn of the year. The latest Bank of England Inflation Report released in May revised down further its forecast for economic growth in 2011.  Supporting this view is data from a number of key

Internet Retailing

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Internet retailing is now the fastest growing route to market contributing to around 8% of total retail sales in 2010. The online retail market is estimated to be worth over £23 billion and is expected to grow by around 10% per year. It plays a vital role in multi-channel strategies for many retailers. In Europe,… Read More

Retail employment rises – June 2011

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Considering the depth of the recession, the labour market has been surprisingly resilient compared with previous recessions. The latest unemployment rate data from the Office for National Statistics (ONS) dropped unexpectedly to 7.7% in the three months to April. The numbers of people unemployed fell by 88,000 to reach 2.43 million February 2009 – the… Read More

Shopper numbers still in decline

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Footfall in towns and cities throughout the UK fell by 2.6% in April according to Synovate.  Footfall figures have now been in decline for every month since October 2009. Footfall in Wales has dropped the sharpest in the first quarter of 2010, followed by East Anglia. There was a boost in number from the Royal… Read More