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The Latest Breaking News from Retail Economics

Shoppers ‘making 1.7bn high street visits per year driven by social media’

Nearly two-thirds of adults have visited a shop or hospitality venue in the past year after being influenced by social media, American Express said.

The Independent UK

Poorest have got poorer under Labour while the richest are better off, stark new figures show

Prime minister Keir Starmer pledges to ‘wage all out war’ on the high cost of living

The Independent UK

Retail and hospitality in London face extra £2bn in costs from this week

Lower business rates, higher minimum wages and National Insurance Contributions all pile on the pressure

Evening Standard

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UK shoppers expected to spend £3.7bn on Boxing Day

High streets predicted to be less busy as people buy beauty and technology deals online

The Guardian - UK

Serial returners send back £6.6bn of online purchases a year in UK, report finds

Industry bodies say over-ordering is eroding profitability as big sellers clamp down on practice

The Guardian - UK

UK clothing sales to EU plummet as Brexit red tape deters exporters

Small and medium-sized firms badly hit as huge drop in apparel sales helps fuel 18% slide in all-non food exports

The Guardian - UK

The Body Shop UK: What the administration could mean for High Streets and landlords

The joint administrators will now consider all options to find a way forward for the business

Evening Standard

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Challenges: Why a host of luxury retailers are feeling the chill during this Winter

The post-Christmas retail reporting season is well underway, and the City has observed two clear trends. There are grocers cheering solid festive growth with sales warmed by huge appetite for pigs in blankets, turkeys and party food, and then there are some luxury brands that have given updates- during the…

Evening Standard

TechRadar Special Report: tech fans choose gadgets over Netflix and socializing

A major new survey from TechRadar has revealed the impact of high inflation on consumer tech buying habits.

TechRadar

First Thing: Former Italian leader Silvio Berlusconi dies aged 86

Media tycoon was one of Italy’s most flamboyant politicians whose career was tainted by sex scandals. Plus, fears over Republicans’ pro-Trump rhetoric

The Guardian - UK

Curb bottled water ads and tax shrink-wrap to cut UK pollution, says report

Exclusive: Big water brands forecast to grow with UK on track to use 2.8bn bottles a year by 2026, finds research

The Guardian - UK

Inflation will add £18.2bn to UK non-food retail sales, shows survey

Survey shows 80 per cent of retailers planning to increase the price of products

The Independent UK

Inflation 'will add £18.2bn to UK non-food retail sales'

Report says rising prices are driving sales of £249bn for 2023, with 66% of consumers making inflation their biggest concern

Wales Online

Poorest in UK have £40 a month less to spare than a year ago, study finds

Richest have gained similar amount over same period, reflecting differing impacts of inflation

The Guardian - UK

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The Guardian - UK

British shoppers likely to spend £4.4bn less on non-essentials during Christmas period

The cost of living crisis means almost 60% of shoppers expect to cut back in retail’s ‘golden quarter’

The Guardian - UK

Retailers have stocked up on festive goodies, but will anyone buy them?

The fallout from the mini-budget is adding to high street jitters in the run-up to what is traditionally the busiest time of the year

The Independent UK

Nearly £25bn of consumer spending could be ‘lost’ this financial year

The ‘cut-back economy’ could mean nearly nine in 10 people reducing their discretionary spending, according to Grant Thornton and Retail Economics.

Daily Mirror

Nine out of 10 households plan to cut back on energy this winter to beat soaring costs

The vast majority of households in the UK are planning on cutting back on their energy usage this winter including heating their homes, according to a new survey

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