“It’s been a tricky month for UK retail. Despite headline summer events like Wimbledon, Glastonbury and the Oasis reunion helping lift local footfall, today’s data shows an overall decline, especially on the high street. Seasonal categories like BBQs and gardening gear saw a timely boost, yet overall consumer confidence remains fragile and the extreme weather hasn’t helped. Shoppers are clearly becoming more selective, prioritising experiences like travel, or building up savings, rather than splashing out on non-essentials.
“In this climate, retailers have been working hard to drive spending through extended promotions and event-led activities, but margins remain under severe pressure given cost pressures. There’s little room for the industry to slow down, particularly amid economic uncertainty and intensifying competition.”