Confidence may be improving, but the early months of 2024 have brought more of the same for the UK retail sector, with consumer spending still curtailed.
Nick Carroll, Category Director – Retail Insight
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KEY FINDINGS
- Graph 1: change in UK GDP (real terms), Q1-Q4 2023
- Graph 2: the financial wellbeing index, 2018-24
- Graph 3: all retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 4: all online sales, value non-seasonally adjusted, year-on-year performance, 2023-24
- Graph 5: all grocery retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 6: all non-food store-based retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 7: shopping behaviour, 2023
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Market Enviroment and consumer sentiment
- Market environment
- Graph 8: change in UK GDP (real terms), Q1-Q4 2023
- Graph 9: real wages growth, annual % change in wage growth vs inflation, 2018-24
- Graph 10: "Do you think the UK cost of living crisis is….", 2024
- Consumer sentiment
- Graph 11: the financial wellbeing index, 2018-24
- Graph 12: "How does your own financial situation compare to how it was a year or so ago?", 2024
- Graph 13: the financial confidence index, 2018-24
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UK Retail Sales
- Retail sales performance
- Graph 14: all retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 15: all retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, by core category, 2023-24
- The interplay between stores and online
- Graph 16: all online sales, value non-seasonally adjusted, year-on-year performance, 2023-24
- Graph 17: share of online sales, by type of retail operation, 2020-2024
- Graph 18: estimated share of total non-food sales, store versus online and other non-store, 2022-24
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Grocery Shopping Behaviour
- Graph 19: all grocery retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 20: "Price matching schemes against discount retailers have stopped me switching to discount retailers" , 2023
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Non-food Shopping behaviour
- Graph 21: all non-food store-based retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Fashion
- Graph 22: all store-based fashion retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 23: fashion behaviours engaged with in the past 12 months, 2024
- Graph 24: "I exercise in the same sportswear that I wear on casual occasions", by age group, 2023
- Home
- Graph 25: all store-based household goods retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Health and beauty
- Graph 26: all store-based health and beauty retail sales (excluding fuel), non-seasonally adjusted year-on-year performance by value and volume, 2023-24
- Graph 27: shopping behaviour, 2023
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Launch activity and innovation
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Special Focus: prospects for the Home market in 2024
- Graph 28: market size for consumer trends, attitudes and spending habits for the home, 2017-23
- Graph 29: consumer spending on the home, 2019-23
- Graph 30: intentions to spend on the home in the next year, 2023
- Graph 31: attitudes towards spending on the home by age, 2023
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Further Resources
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