consumer spend news and archive

Consumer spend shows signs of recovery in June

Consumer spend has shown signs of recovery in June, with month-on-month figures showing an uplift as shoppers cautiously returned to physical stores. Spending was still down 14.5 percent year-on-year last month, but that was the smallest decline since lockdown began back in March, according to the latest data from Barclaycard. Spending on...

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Over half of Brits say Brexit won't affect spending habits

As much as 60 percent of British consumers say that Brexit has not and will not affect their spending this year, according to new research by PwC. In a survey of over 2,000 consumers, figures show that the north-east of the country is the least concerned, with 70 percent saying their spending habits hadn't changed and wouldn't change in 2019. On...

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Over 23,000 stores predicted to disappear from the high street in 2019

It looks like 2019 could be another difficult year for UK retail, with more than 23,000 shops forecast to close, resulting in a further 175,000 job losses, according to an annual report from real estate adviser Altus Group. Published on Monday, the findings suggest that 2019 could be even worse than 2018, which saw a drop in independent stores...

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Consumer spend remains robust in spite of Brexit

London - UK retailers can breath a littler easier as the economical and political uncertainty following in the wake of Brexit seems to have had little effect on UK consumer sentiment. 82 percent of shoppers indicated the results of the National Referendum have had no impact whatsoever on their spending behaviour over the last six weeks,...

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Consumer spend to slow in 2017 due to a 'perfect storm'

Consumer spend may be on the fast track, increasing at the fastest rate since the financial crisis, but this bubble stands to burst in the future as inflation and new austerity measures are introduces, warns forecasters. According to a report from economic forecasting group EY Item Club, dropping food and fuel prices will see more consumers with...