Consumer Spending
Consumer spending trends are a key indicator for the UK jewellery trade, shaping demand across luxury, mid-market, and fashion segments. For jewellers, designers, and suppliers, understanding shifts in disposable income, purchasing behaviour, and economic confidence is critical to planning collections, pricing strategies, and marketing campaigns. Jewellery Focus provides expert coverage on consumer spending patterns, market analysis, and economic insights to help trade professionals navigate changing customer priorities and maximise commercial opportunities.
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Mar- 2018 -12 MarchRetailers
Retail footfall drops in February
Retail footfall decreased by 0.5% in February 2018, and is a major decline compared with the rate of 1.0% seen the previous year. According to the British Retail Consortium (BRC) this figure is better than the three-month average of -2.0% and the twelve-month average of -0.7%. However, Greater London and…
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6 MarchRetailers
Consumer spending on ‘non-essentials’ increases
According to Barclaycard February 2018 saw increased sales of non-essentials, as consumers continued to prioritise their spending on the ‘experience economy’. Data from the group also revealed supermarket spending (3.2%) returned to levels previously seen over the past six months, after a spike of 4.4% in January 2018. Entertainment performed…
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Feb- 2018 -6 FebruaryRetailers
Consumer spending grows 3.9% in January
Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That is according to data from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions. Spending growth on day-to-day necessities surpassed 4% for the first time in…
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Dec- 2017 -11 DecemberE-Commerce
UK consumer spending set to be lowest since 2012
Consumer spending over the Christmas period is expected to be at its lowest since 2012, according to Visa’s UK Consumer Spending Index. Spending on the high street fell year-on-year for the seventh month in a row, dropping by 3.5%. This followed a 5.1% decrease in October, two of the worst…
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Nov- 2017 -24 NovemberE-Commerce
Black Friday e-sales expected to surpass Boxing Day by 77%
Black Friday week total online sales are expected to reach £7bn this year, a 164% increase on 2014 and 77% higher than expected Boxing day total sales, according to global real estate advisor Colliers International. This is reinforced by the decrease in the number of Brits shopping on Boxing Day…
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8 NovemberEconomy
Spending growth slows to 2.4% as consumers feel ‘inflation squeeze’
Consumer spending growth slowed to 2.4% year-on-year in October which, with inflation at 3%, equated to a contraction in real terms. Brits cut back across the board to cope with their diminished spending power, and in anticipation of a potential interest rate hike. Data from Barclaycard revealed that spending on…
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Aug- 2017 -18 AugustEconomy
Retail sales increase by 0.3%, says ONS
Retail sales increased by 0.3% in July 2017 compared with the previous month, according to the Office of National Statistics (ONS). This was due to strong sales in food stores at 1.5%; recovering from a fall of 1.1% in June 2017. The underlying pattern in the quantity bought, measured by…
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Jul- 2017 -28 JulyEconomy
Summer sunshine boosts retail sales
Retail sales growth picked up in the year to July, exceeding expectations for minimal growth, according to the latest monthly CBI Distributive Trades Survey. The survey of 111 firms, of which 57 were retailers, showed that the volume of sales grew at a healthy pace – driven by grocery and…
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Jun- 2017 -7 JuneEconomy
Businesses unable to cope with interest increases, research shows
One in 25 businesses would be unable to pay off its debts if the interest rates were to increase, research from insolvency trade body R3 has shown. Some 79,000 (4%) UK companies said that a small increase would affect them financially, almost a quadrupling (20,000) of figures from previous research…
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Mar- 2017 -7 MarchEconomy
Non-food retail sales record first quarterly decline in six years
Non-food retail sales fell in the three months to February 2017, making it the first quarterly decline for the category since November 2011. The latest Retail Sales Monitor from the British Retail Consortium (BRC) and KPMG found non-food retail sales fell 0.4% on a like-for-like basis and 0.2% on a…
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