UK retail sales slide in worst September since 1995, industry data shows
5 years, 3 months ago

UK retail sales slide in worst September since 1995, industry data shows

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Total retail sales fell 1.3 per cent last month from a year ago, marking the worst September since 1995 when the British Retail Consortium and KPMG started collecting the data. “With four months of negative sales growth since March, the ongoing political gridlock surrounding Brexit is harming both consumers and retailers,” she added. However, year-on-year growth in retail sales has slowed sharply from a peak in March to stand at 2.7 per cent in August, according to data. On the less volatile three-month measure, retail sales inched up only 0.6 per cent in the three months to August compared with the previous three months, the ONS said.

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History of this topic

Last-minute Christmas shopping takes a dive as buyers feel the squeeze
Trending News
2 weeks, 1 day ago

Last-minute Christmas shopping takes a dive as buyers feel the squeeze

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Last-minute Christmas shopping saw a downturn this year as high …

Labour's economic nightmare before Christmas as shoppers close their wallets: Retailers blame the Budget as sales fall for the third month in a row while families wait for bargains
2 weeks, 5 days ago

Labour's economic nightmare before Christmas as shoppers close their wallets: Retailers blame the Budget as sales fall for the third month in a row while families wait for bargains

Daily Mail  

Labour's Budget is being blamed for a sluggish Christmas shopping period as shops struggle to get hard-pressed families to part with their cash. Food sales underpinned a 0.2 per cent rise in business, lower than the 0.5 per cent rebound forecast by economist, after retail sales fell 0.5 per cent in October. British retailers returned to growth last month, up …

Retail 'golden quarter' under pressure as sales disappoint again in November
1 month ago

Retail 'golden quarter' under pressure as sales disappoint again in November

Daily Mail  

Retailers faced lacklustre sales again in November as weak consumer confidence continues to weigh on the sector's 'golden quarter'. Non-food online shopping sales figures slumped by 10.3 per cent year-on-year in November, new data from the British Retail Consortium and KPMG Retail Sales Monitor shows. Total retail sales fell by 3.3 per cent year-on-year in November, against growth of 2.6 …

Price warning as 17-month run of falling shop inflation ends
1 month, 2 weeks ago

Price warning as 17-month run of falling shop inflation ends

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A 17-month-long run of falling shop inflation has ended, with …

Retail sales rise in August despite hit to consumer confidence
3 months, 2 weeks ago

Retail sales rise in August despite hit to consumer confidence

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy British retailers saw sales rise …

U.S. retail sales ticked up last month in sign of ongoing consumer resilience
3 months, 3 weeks ago

U.S. retail sales ticked up last month in sign of ongoing consumer resilience

LA Times  

Americans spent a bit more at retailers last month, providing a small boost to the economy just as the Federal Reserve considers how much to cut its key interest rate. Retail sales ticked up 0.1% from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Tuesday. Average paychecks, particularly …

This Week: Consumer price index, retail sales, housing starts
4 months, 4 weeks ago

This Week: Consumer price index, retail sales, housing starts

Associated Press  

A look at some of the key business events and economic indicators upcoming this week. Economists predict the consumer price index rose 3% in July from as year earlier, matching June’s pace. Consumer price index, annual percent change, not seasonally adjusted: Feb. 3.2 March 3.5 April 3.4 May 3.3 June 3.0 July 3.0 Source: FactSet SIZING UP RETAIL SALES The …

This Week: Existing home sales, retail data for May and Kroger’s first-quarter results
6 months, 3 weeks ago

This Week: Existing home sales, retail data for May and Kroger’s first-quarter results

Associated Press  

A look at some of the key business events and economic indicators upcoming this week: RETAIL RECEIPTS The Commerce Department on Tuesday reports retail sales data for May. Retail sales, monthly percent change, seasonally adjusted: Dec.: 0.4 Jan.: -1.1 Feb.: 0.7 March: 0.7 April: 0.0 May : 0.3 Source: FactSet KROGER RESULTS Grocery chain Kroger reports its first-quarter sales and …

Retail sales were unchanged in April from March as inflation and interest rates curb spending
7 months, 3 weeks ago

Retail sales were unchanged in April from March as inflation and interest rates curb spending

Associated Press  

NEW YORK — Americans unexpectedly paused their spending in April from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. Retail sales were unchanged, coming in well below economists’ expectations, and follow a revised 0.6% pace in March, according to Commerce Department data released Wednesday. The retail sales figure came out on the …

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs
8 months, 3 weeks ago

Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs

Daily Mail  

Hopes of an Easter bounce for shops have been dashed after retail sales flatlined last month. In a small bright spot, February's retail sales data was revised up from a previous estimate of zero growth to 0.1 per cent. ONS senior statistician Heather Bovill said: 'Retail sales registered no growth in March. 'However, these gains were offset by falling food …

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful
8 months, 3 weeks ago

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

Associated Press  

NEW YORK — Americans boosted spending at a hotter-than-expected pace in March, underscoring how shoppers remain resilient despite inflationary pressures and other economic challenges. Retail sales rose 0.7% last month — almost double what economists had forecast — after rising 0.9% in February, according to Commerce Department data released Monday. This is one of the strongest retail sales reports we’ve …

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops
1 year ago

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops

Daily Mail  

Black Friday boosted shops last month with retail sales surging far more than expected. The ONS also revised data for October upwards, reporting that there was zero growth in retail sales rather than the 0.3 per cent fall previously estimated. Volumes were up 1.3 per cent in November as Brits sought out bargains, significantly better than the 0.4 per cent …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

Associated Press  

NEW YORK — Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars. Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department. Most retail categories reported a drop …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans cut back on retail …

‘Retail recession’ warning as sales plummet
1 year, 2 months ago

‘Retail recession’ warning as sales plummet

The Telegraph  

High streets are in the grip of a “retail recession”, economists have warned, after shop sales slumped unexpectedly rapidly in September. Retail sales volumes fell by 0.9pc in the month to September, according to the Office for National Statistics. Alex Kerr, assistant economist at Capital Economics, said: “This suggests that after the 18-month-long retail recession came to an end in …

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices
1 year, 2 months ago

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices

Associated Press  

NEW YORK — Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even as they grappled with higher prices, rising interest rates and a host of other headwinds piling up. Tuesday’s sales figures aren’t adjusted for inflation, but the cost of goods barely rose last month, so the increased spending isn’t a reflection …

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates
1 year, 2 months ago

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Retail sales rise 0.7% in July from June as inflation continues to ease
1 year, 4 months ago

Retail sales rise 0.7% in July from June as inflation continues to ease

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans increased their spending last …

Economy ‘loses momentum again’ as private sector growth slows despite retail boost
1 year, 6 months ago

Economy ‘loses momentum again’ as private sector growth slows despite retail boost

The Independent  

Britain’s economy “has lost momentum again” as growth in the private sector dropped to its slowest for three months, despite an unexpected boost in retail sales. Data from the Office for National Statistics showed that retail sales volumes rose 0.3 per cent in May, better than the 0.2 per cent drop that economists had forecast. But May’s overall 0.3 per …

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates
1 year, 6 months ago

Retail sales rose 0.3% in May despite pressure from higher inflation and interest rates

Associated Press  

NEW YORK — Americans increased their spending at retailers last month despite pressure from still-high inflation and rising borrowing costs. Thursday’s report from the Commerce Department showed that retail sales rose 0.3% from April to May, boosted by stronger sales of auto and parts dealers. The latest retail sales data follow a government report this week that consumer inflation eased …

Retail sales dip 0.4% in February after buying burst in Jan.
1 year, 9 months ago

Retail sales dip 0.4% in February after buying burst in Jan.

Associated Press  

NEW YORK — America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. Still, it remains to be seen whether news coverage of bank failures and stock market gyrations will hurt consumer sentiment this month, writes Capital Economics’ Deputy Chief U.S Economist Andrew Hunter in a report issued Wednesday. The …

Retailers suffer disappointing January as consumers brace for more bill rises
1 year, 11 months ago

Retailers suffer disappointing January as consumers brace for more bill rises

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Many retailers discounted heavily to entice consumer spend, and while there were bargains to …

Australian retailers had a worse-than-expected Christmas as cost of living pressures bite
1 year, 11 months ago

Australian retailers had a worse-than-expected Christmas as cost of living pressures bite

ABC  

There are clearer signs that consumers are feeling the pain of high inflation and successive interest rate hikes as Australian retailers have posted their first drop in sales in almost a year. Key points: Retail turnover in fell 3.9 per cent in December Turnover rose 7.5 per cent, compared to December 2021 Markets have priced in an 84 per cent …

Britain’s high streets face another tough year as spending remains weak
1 year, 11 months ago

Britain’s high streets face another tough year as spending remains weak

The Independent  

Britain’s consumer economy is still awaiting the “latent spending power” built up during the pandemic. Panmure’s Simon French noted last month that while savings rates have reverted to pre-pandemic levels, the substantial stock of savings accrued during successive lockdowns remained “largely intact”. The CBI found retail sales volumes fell over the last month, and at their fastest rate since April …

Pound sinks to lowest level in 37 years
2 years, 3 months ago

Pound sinks to lowest level in 37 years

The Telegraph  

Economists polled by Reuters had predicted a much gentler drop in retail volumes of 0.5pc. The volume or retail sales fell across all sectors for the first time since July last year, with large decreases in department stores where sales fell 2.7pc, while fuel declined by 1.8pc. Consumer confidence in the economy hit record lows last month, figures which could …

Consumer spending slows in August as inflation bites
2 years, 4 months ago

Consumer spending slows in August as inflation bites

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Data from the British Retail Consortium revealed that sales slowed significantly last month, as …

Shop prices rise at fastest pace on record with
2 years, 5 months ago

Shop prices rise at fastest pace on record with

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Retail sales up 1% in June, easing fears of a recession
2 years, 5 months ago

Retail sales up 1% in June, easing fears of a recession

Associated Press  

NEW YORK — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S. retail sales rose 1% in June, from a revised decline of 0.1 % in May, the Commerce Department …

Retail sales rise 0.5% in March amid soaring inflation
2 years, 8 months ago

Retail sales rise 0.5% in March amid soaring inflation

Associated Press  

NEW YORK — Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers’ wallets. January’s increase of 4.9% was the biggest jump in spending since March 2021, when American households received a final federal stimulus check of $1,400. Matt Shay, CEO of National Retail Federation, the nation’s largest retail …

January retail sales surge 3.8% as consumers defy inflation
2 years, 10 months ago

January retail sales surge 3.8% as consumers defy inflation

Associated Press  

NEW YORK — Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation. Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger increase than economists had expected. “Job growth is strong, wages …

Early Christmas shopping boosts UK retail sales to
3 years, 1 month ago

Early Christmas shopping boosts UK retail sales to

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Early Christmas shopping helped British …

UK retail sales fall sharply despite easing COVID pandemic curbs
3 years, 4 months ago

UK retail sales fall sharply despite easing COVID pandemic curbs

India TV News  

The UK's retail sales volumes fell by 2.5 per cent in July from June despite the easing of coronavirus restrictions, but still 5.8 per cent higher than the pre-pandemic levels in February 2020, the Office for National Statistics said. Food store sales volumes dropped monthly by 1.5 per cent in July, following an increase in the previous month when sales …

Retail sales boost cools as consumers spend on entertainment
3 years, 4 months ago

Retail sales boost cools as consumers spend on entertainment

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Shoppers are increasingly concerned about food and grocery price …

Retail sales record surprise fall in May
3 years, 6 months ago

Retail sales record surprise fall in May

The Telegraph  

Britons put socialising ahead of shopping last month after a surprise fall in retail spending, official figures showed. Sales fell 1.4pc last month - a stark contrast with April's 9.2pc surge as shops reopened - after the return of eating out hit food sales, the Office for National Statistics said. The 5.7pc slide in food sales offset pockets of strength …

Retail footfall one-third lower than pre-Covid level despite shop re-openings
3 years, 8 months ago

Retail footfall one-third lower than pre-Covid level despite shop re-openings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Retail footfall in April was 240.8 per cent higher …

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather
3 years, 9 months ago

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather

NPR  

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather Enlarge this image toggle caption Joe Raedle/Getty Images Joe Raedle/Getty Images Consumers put their pocketbooks on ice last month after a spending spree in January. A winter storm that blanketed much of the country's midsection last month was partly to blame, depressing demand for sporting goods, home …

Retail group: holiday sales up 8.3% amid big spending shift
3 years, 11 months ago

Retail group: holiday sales up 8.3% amid big spending shift

Associated Press  

NEW YORK — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores. Moreover, even within the retail industry, big box stores like Walmart and Target are dominating the landscape, enjoying big sales gains at the expense of mall-based stores that were forced …

U.S. retail sales fell in December for 3rd straight month
3 years, 11 months ago

U.S. retail sales fell in December for 3rd straight month

Associated Press  

NEW YORK — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season. The U.S. Commerce Department said Friday that retail sales fell a seasonally adjusted 0.7% in December from the month before, a decline Wall Street analysts weren’t expecting. That may …

Retail sales slump in November amid lockdown
4 years ago

Retail sales slump in November amid lockdown

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Retail sales in Britain slumped …

Retail sales fell 1.1% in November, biggest drop in 7 months
4 years ago

Retail sales fell 1.1% in November, biggest drop in 7 months

Associated Press  

NEW YORK — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that …

As entire city centres risk turning into ghost towns, the government has to rethink how to protect jobs
4 years, 4 months ago

As entire city centres risk turning into ghost towns, the government has to rethink how to protect jobs

The Independent  

The wave of job losses is hitting the shore. The reason, of course, is the shift to online, which now accounts for more than 30 per cent of all retail sales, excluding fuel, up from 20 per cent pre-Covid. If the shift to online retailing is matched by the shift to working from home, then it will not just be …

US retail sales jump 7.5% in June, but economy still ails
4 years, 5 months ago

US retail sales jump 7.5% in June, but economy still ails

Associated Press  

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery. The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April …

High street sales had their second-worst month on record in May
4 years, 7 months ago

High street sales had their second-worst month on record in May

Daily Mail  

Store sales plummeted by nearly 90 per cent last month while non-store sales had their highest sales increase ever following the closure of non-essential high street shops. Online sales soared by 129.5 per cent in May compared to the same month in 2019 according to the BDO High Street retail sales tracker while in-store sales plummeted by 87.1 per cent …

US retail sales plunged a record 16% in April as virus hit
4 years, 7 months ago

US retail sales plunged a record 16% in April as virus hit

Associated Press  

BALTIMORE — U.S. retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened the viability of stores across the country and further weighed down a sinking economy. “It’s like a hurricane came and leveled the entire economy, and now we’re trying to get it back up and running,” …

Coronavirus sees retail sales rise in February as Australians stockpiled groceries and pharmaceuticals but clothing sales fell
4 years, 9 months ago

Coronavirus sees retail sales rise in February as Australians stockpiled groceries and pharmaceuticals but clothing sales fell

ABC  

Retail sales rose in February but the devil was in the detail, with the impact of the coronavirus pandemic already evident, and economists warning that a short-term boost from panic buying and stockpiling will not last. Key points: The ABS says retail turnover rose 0.5 per cent in February Supermarket and grocery store sales rose 1.1 per cent and department …

UK retail sales slide for third month in a row in July, CBI survey shows
5 years, 5 months ago

UK retail sales slide for third month in a row in July, CBI survey shows

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

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