Retail Update - December 2017

Posted At: 14 December 2017 17:17 PM
Related Categories: General, Retailers

With all the stats pointing towards a dismal Christmas trading period, and inflation hitting six-year high, one could be forgiven for planning hibernation and wait until things improve. But it isn’t all doom and gloom in the retail world. Here are some highlights from the past month to cheer you up;

• Two large shopping centre owner mergers have surprised the retail world – Hammerson announcing the acquisition of intu and Unibail-Rodamco acquiring a majority share of Westfield
• Pubs, bars and restaurants across the UK enjoyed an uplift in business in November following flat trading over most of the last six months
• Findings from ecommerce data expert PCA Predict have revealed that on average in 2017 Mondays generated the biggest ecommerce traffic in the UK
• This year’s Small Business Saturday achieved record spending across the UK, estimated to have topped £748 million
• YouTube released its list of the top 10 Christmas adverts this year, with John Lewis’ Moz the Monster edging out on top
• In 2016 vinyl sales hit 3.2 million, rising 53% on a year prior – this year, according to the BPI, sales are on track to top 4 million marking the highest level of sales since the trade body’s records began in the 1990s
• Amazon loses its crown as the UK’s favourite retailer to M&S Simply Food, according to an annual survey of 13,000 British shoppers

In the meantime, we wish you all a very happy Christmas and prosperous New Year and look forward to bringing you more retail news and developments in January.
 

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