We live and breath retail. See how we
can improve what you do…
Annual Membership gives you instant
access to monthly retail reports,
insights, proprietary data, and more…
Discuss thought leadership
Looking for bespoke data?
Do you need retail industry
statistics for a project?
No payment required. Free for 30 days. Cancel
Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.
Health & Beauty sales stepped up in March, rising by 00% YoY, against a 00% rise a year earlier when the country prepared to exit its third national lockdown.
Pre-pandemic comparisons have moved to a three-year basis given the onset of the pandemic is now impacting two-year growth rates. On this basis sales rose by 00% on March 2019, the strongest rise since 00 00.
Increased socialising and office return boosts demand
Demand was supported by increased socialising and a return to offices. Spending data on UK debit and credit cards (based on CHAPS payments) reported a 5% pick up in ‘social’ spending (such as pubs and restaurants) between February and March 2022.
This drove strong performances across a range of beauty items including eye liner, eye shadow and lipstick. Mother’s Day also supported the category while sun care was popular ahead of overseas holidays over the Easter break.
Uncertainty weakens confidence
The cost of living crisis dominated headlines in March, weakening consumer sentiment.
Rising inflation was the top concern for 00 00 (00%) of consumers in April (Retail Economics Shopper Sentiment Survey) accelerating dramatically from the reading at the start of the year (00%).
Affordability concerns also rose higher, with 00% of consumers reporting their cost of living had increased over the last month (ONS, covering period 16-27 March), rising from 83% in the first half of March.
Confidence deteriorated, falling five points to 00 (GfK) in March. Levels of 00 or more are only seen in the lead up to a recession. Confidence has since fallen further in April.
Notably, searches for “recession” reached their highest level since August 2020, rising by 00% YoY in March (Google Trends).
Take out a FREE 30 day membership trial to read the full report.
Online Non-Food growth plummets
We're proud to be independent
As an independent consultancy we’re free to tell the whole story behind the data - as it is; giving you a more accurate & balanced industry view
You get easy-to-read retail sales overviews
We understand how you need to consume intelligence quickly, accurately and in a way that can be converted into successful actions for improved performance
We can help you make better decisions
Our monthly Health & Beauty reports have a wealth of deep industry insights that are drawn from proprietary data to help you with data-driven decision making
Retail Economics publishes monthly Retail Sector Reports for the UK Food & Grocery sector giving you actionable insights for your business.
It provides in-depth analysis of the latest macroeconomic and consumer trends affecting the UK Health & Beauty sector including market size estimates for: Cosmetics, Toiletries, OTC medication, Fragrances, Hair Products, Paper Products, Babycare, Personal Grooming and more.