Retail Update - October 2017

Posted At: 20 October 2017 14:12 PM
Related Categories: Retail Statistics, Retailers

FSP’s SnapShop brings you a snapshot of the UK retail environment for the last month.

• September saw administrators appointed to Basler, Greenwoods Menswear and Just For Pets. Of the three, Just For Pets has been subsequently rescued by Pedigree Wholesale
• September’s online retail sales recorded the third-strongest growth rate so far this year, up 14% year-on-year, according to the latest figures from the IMRG Capgemini e-Retail Sales Index
• Almost half of consumers (48%) aged 25-34 find location-based marketing appealing, according to a survey by Hammerson. Interestingly, women and young customers are most receptive to new forms of marketing technology, including personalised promotions, virtual reality and virtual mirrors
• Pubs, bars and restaurants in the UK saw like-for-like sales fall 0.9% in September as consumers rein back on spending, the Coffer Peach Business Tracker reported
• High street footfall was in decline for a third consecutive month throughout September, dropping 1.2% according to Springboard and the British Retail Consortium
• A record 39.7 million visits from overseas are forecast to takes place this year, up 6% from 2016 – largely driven by the 16% fall in the value of the pound. The figures, which also outlined that spending during 2017 is expected to increase 14% year on year to £25.7m, were announced in the VisitBritain/VisitEngland annual review
• Around £10bn is expected to be spent through mobile devices in November as UK retailers prepare for the Black Friday shopping event, figures from Salmon suggest. The majority of online orders were made via mobile on Black Friday (51%) last year
   

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