SnapShop Retailer Directory Search

You are here: Home | Blog | Retail Update - May 2016

SnapShop Blog

Retail Update - May 2016


Posted At: 19 May 2016 17:13 PM
Related Categories: Administrations, Retail, Retailer At Risk, Retailers


Since our last update, when BHS and Austin Reed Group had negotiated CVAs, both have now succumbed to administration. Although both have attracted a lot of interest, no announcement has yet been made regarding the future of these iconic brands.

Consumer confidence has also taken a bit of a knock since our last update, falling back into negative territory, as consumers show concern regarding Brexit and the wider Eurozone crisis. It will be interesting to see if this figure remains stable as we approach the EU referendum.

With the recently released Android Pay in the UK, data from the UK Cards Association has revealed that monthly contactless spending in the UK has reached a record high. A whopping £1.508bn was spent through contactless payments in March. This figure, despite security concerns surrounding contactless, looks destined to rise as the choice of options continues to grow for consumers. 

As online continues to grow, footfall continues to decline, down 2.4% in April , following a 2.7% decline in the previous month. High streets saw the biggest decline with footfall down 4.7%, while shopping centre footfall edged down 0.7%. Retail parks, however, saw an uplift of 1.1%.

Interesting data from the Publishers Association was released in April that revealed sales of print books are rising for the first time in four years, while eBook sales were down for the first time since the e-reader hit the shelves. Total sales of book and journal publishing were up to £4.4bn in 2015.

In the same way, according to the latest figures from Kantar Worldpanel for the 12 weeks to 10 April 2016, physical stores are taking customers back from e-retailers in the physical entertainment sector. The figures found that high street and grocery stores accounted for 69.8% of sales, compared to 67.5% the previous year.
These are both significant to the retail industry as the battle for online against physical retailing heats up, and demonstrate that although online is clearly an important strategic market for retailers, consumers still want (and need) that ability to physically be able to enter a shop and feel and see the product in their hands before buying.

You can keep up to date with the latest consumer trends and shopping habits here on SnapShop. 

Comments Comments (0) Twitter Twitter


There are no comments for this entry.

Add a Comment:

Please Note: Comment moderation is enabled. Your comment will not appear until approved. Although we ask for your email address for verification purposes, only the name you enter will show against your comment.

Name *
Email Address *  
Comments *
The opinions expressed herein are the personal opinion of the author and are not intended as statements of fact and do not represent the view of SnapShop or Pragma in any way.


Enter your email address below
to receive SnapShop blogs
straight to your inbox.

Blog Roll:

Hurlbut & Associates
Insight-Driven Retail Blog
James Hall, Telegraph
Marketing Cloud Blog
Retail Consultancy Blog
Retail Contrarian
Retail Technology Blog
Retail Week Comment
Spotlight on German Retail

Archives By Category:

Administrations (71)
And Finally (22)
Christmas (5)
Co-operative Retail (1)
Environmental (6)
E-tailing (13)
Finance & Investment Management (3)
FSP News (4)
Future of Retailing (24)
General (63)
Jane Norman (1)
Media (4)
Retail (137)
Retail Marketing (3)
Retail Property (12)
Retail Statistics (40)
Retail Suppliers (8)
Retailer At Risk (6)
Retailers (193)
SnapShop Developments (3)
Social Commentary (34)
Store Closures (22)
Town & Shopping Centre Management (14)
Womenswear Retailer (3)

Recent Entries:

Retailer View - Weird Fish
Retailer View - Monki
Retailer View - Boden
Retailer View - The Entertainer
Retail Update - November 2018

Recent Comments:

Retail Spotlight – The changing face of leisure
Really interesting sector changes you've highlighted. We have also noticed a sharp rise in the 24 ho... more
Cost of Cash Set to Rise
We have seen growing investment amongst retail clients wanting to get ahead of this trend. it will ... more
And Finally - Surreal
Does my app look big in this, hehe, got to try the Ann Summe... more
Who's next?
Thanks Dave. Sports Direct International has very strong leadership and its accounts have been recor... more
Who's next?
Interesting stuff, it doesn't look like long before they will go under. Any ideas on why sports dire... more
Twitter LinkedIn
Privacy PolicyTerms of Use

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how customers use our website.
Our site won't work without them. By continuing to use our website you accept our use of cookies. Find out more about cookies. ×