Latest news with #KPMGUK
Yahoo
15-07-2025
- Business
- Yahoo
Hot weather sees UK fashion sales ‘perform well' in June 2025
The latest figures were released by the British Retail Consortium (BRC)-KPMG Retail Sales Monitor and showed non-food sales saw a 2.2% year-on-year rise, compared to a 1.9% decrease during the same period last year. In the five weeks to 5 July, in-store non-food sales experienced a similar 2.2% year-on-year growth, compared to the 2.6% drop observed in June 2024. Online non-food sales also witnessed a 2.3% increase from last year, recovering from a 0.7% fall in June 2024. British Retail Consortium chief executive Helen Dickinson said: 'Retail sales heated up in June, with both food and non-food performing well. The soaring temperatures increased sales of electric fans while sports and leisure equipment was boosted by both the weather and the start of Wimbledon. Food sales remained strong, though this was in-part driven by food inflation, which has risen steadily over the course of the year." The proportion of non-food items purchased online remained steady at 36.6% for June, falling marginally below the 12-month average of 36.8%. KPMG UK consumer, retail & leisure head Linda Ellett said: 'Warm weather and the start of the holiday season led to modest monthly growth for clothing sales. But retailers will be hoping that the buying is not yet complete and that the pace picks up further in July and August as suitcases get packed and the sun hopefully keeps shining." She added: "Home appliances and homeware purchases helped retail sales to grow in June, as new homebuyers and those having a refresh in their current home took advantage of summer promotions both in-store and online." Overall, UK retail sales went up by 3.1% year-on-year in June, marking a recovery from last year's 0.2% decline during the same month. Under the online sales category growth rankings, house textiles, health and beauty, and other non-food categories showed growth in June while clothing and footwear were down. Dickinson pointed out the outlook is not all bright and sunny. She said: "Retailers are watching government closely for details of the upcoming business rates reform. If the government includes shops within its new higher rates threshold, then many retailers will be forced to rethink their investment plans. The closure of larger stores would harm the local communities they support, costing jobs and reducing footfall in the area they serve. If government wants to improve high streets and help local communities, they must ensure that no shop pays more under their new rates reforms." The High Street Sales Tracker from accountancy and business advisory firm BDO indicated that fashion sales in the UK outperformed other sectors in June 2025, driven by purchases of summer apparel. "Hot weather sees UK fashion sales 'perform well' in June 2025" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
South Wales Guardian
07-07-2025
- Business
- South Wales Guardian
Consumer confidence rising as summer holiday season begins
The number of people feeling financially secure has risen this quarter by three percentage points to 58%, while confidence that the UK economy is improving has risen to 17% from one in 10 three months ago, the KPMG Consumer Pulse poll found. The survey of 3,000 UK adults, taken in early June, found 50% feel able to spend freely, although 14% say they are still having to actively cut their discretionary spending to pay for essentials, and 3% of are incurring debt to do so. Reflecting on their spending during the last three months compared to the previous quarter, consumers most commonly said they had spent less on eating out. Around a quarter (23%) said they had bought more promotional or discounted items when shopping, while just over a fifth (22%) said they used their loyalty cards more. Of the 70% who are planning a holiday, 34% say it will be in the UK, 21% are heading abroad and 15% are doing both. However 75% of those going on holiday are taking steps to reduce the cost of travel, such as going for fewer nights, self-catering or using a lower-cost airline. Some 33% say they will be taking children on holiday during term-time to cut costs, while one in five (20%) said their whole holiday would be taken during term-time. Despite the quarterly improvement in economic confidence, half of people (51%) feel that the economy is still worsening – although this is down from 58% in the previous quarter. Those saying that the economy is getting worse cite the cost of their groceries (79%), utilities (74%), and the general state of public services where they live (42%). Linda Ellett, head of consumer, retail and leisure at KPMG UK, said: 'Consumer confidence has rallied over the last quarter and only a fifth of consumers now feel insecure about their financial circumstance. 'Businesses will be hoping that this improvement brings about increased spending confidence during the summer months. 'But macroeconomic confidence still looms large, with half of consumers still to be convinced that the economy isn't worsening.' Ms Ellett added: 'Summer holiday demand looks very healthy, bringing direct and indirect benefit to the UK retail and leisure sectors. 'Many households have prioritised discretionary spend for their holiday but, considering both household essential costs and the price of travel have increased, it is little surprise to see three quarters of holidaymakers are still taking a variety of steps to get the cost of their break down where they can.'
Glasgow Times
07-07-2025
- Business
- Glasgow Times
Consumer confidence rising as summer holiday season begins
The number of people feeling financially secure has risen this quarter by three percentage points to 58%, while confidence that the UK economy is improving has risen to 17% from one in 10 three months ago, the KPMG Consumer Pulse poll found. The survey of 3,000 UK adults, taken in early June, found 50% feel able to spend freely, although 14% say they are still having to actively cut their discretionary spending to pay for essentials, and 3% of are incurring debt to do so. Reflecting on their spending during the last three months compared to the previous quarter, consumers most commonly said they had spent less on eating out. Around a quarter (23%) said they had bought more promotional or discounted items when shopping, while just over a fifth (22%) said they used their loyalty cards more. Of the 70% who are planning a holiday, 34% say it will be in the UK, 21% are heading abroad and 15% are doing both. However 75% of those going on holiday are taking steps to reduce the cost of travel, such as going for fewer nights, self-catering or using a lower-cost airline. Some 33% say they will be taking children on holiday during term-time to cut costs, while one in five (20%) said their whole holiday would be taken during term-time. Despite the quarterly improvement in economic confidence, half of people (51%) feel that the economy is still worsening – although this is down from 58% in the previous quarter. Those saying that the economy is getting worse cite the cost of their groceries (79%), utilities (74%), and the general state of public services where they live (42%). Linda Ellett, head of consumer, retail and leisure at KPMG UK, said: 'Consumer confidence has rallied over the last quarter and only a fifth of consumers now feel insecure about their financial circumstance. 'Businesses will be hoping that this improvement brings about increased spending confidence during the summer months. 'But macroeconomic confidence still looms large, with half of consumers still to be convinced that the economy isn't worsening.' Ms Ellett added: 'Summer holiday demand looks very healthy, bringing direct and indirect benefit to the UK retail and leisure sectors. 'Many households have prioritised discretionary spend for their holiday but, considering both household essential costs and the price of travel have increased, it is little surprise to see three quarters of holidaymakers are still taking a variety of steps to get the cost of their break down where they can.'
Leader Live
07-07-2025
- Business
- Leader Live
Consumer confidence rising as summer holiday season begins
The number of people feeling financially secure has risen this quarter by three percentage points to 58%, while confidence that the UK economy is improving has risen to 17% from one in 10 three months ago, the KPMG Consumer Pulse poll found. The survey of 3,000 UK adults, taken in early June, found 50% feel able to spend freely, although 14% say they are still having to actively cut their discretionary spending to pay for essentials, and 3% of are incurring debt to do so. Reflecting on their spending during the last three months compared to the previous quarter, consumers most commonly said they had spent less on eating out. Around a quarter (23%) said they had bought more promotional or discounted items when shopping, while just over a fifth (22%) said they used their loyalty cards more. Of the 70% who are planning a holiday, 34% say it will be in the UK, 21% are heading abroad and 15% are doing both. However 75% of those going on holiday are taking steps to reduce the cost of travel, such as going for fewer nights, self-catering or using a lower-cost airline. Some 33% say they will be taking children on holiday during term-time to cut costs, while one in five (20%) said their whole holiday would be taken during term-time. Despite the quarterly improvement in economic confidence, half of people (51%) feel that the economy is still worsening – although this is down from 58% in the previous quarter. Those saying that the economy is getting worse cite the cost of their groceries (79%), utilities (74%), and the general state of public services where they live (42%). Linda Ellett, head of consumer, retail and leisure at KPMG UK, said: 'Consumer confidence has rallied over the last quarter and only a fifth of consumers now feel insecure about their financial circumstance. 'Businesses will be hoping that this improvement brings about increased spending confidence during the summer months. 'But macroeconomic confidence still looms large, with half of consumers still to be convinced that the economy isn't worsening.' Ms Ellett added: 'Summer holiday demand looks very healthy, bringing direct and indirect benefit to the UK retail and leisure sectors. 'Many households have prioritised discretionary spend for their holiday but, considering both household essential costs and the price of travel have increased, it is little surprise to see three quarters of holidaymakers are still taking a variety of steps to get the cost of their break down where they can.'
Rhyl Journal
07-07-2025
- Business
- Rhyl Journal
Consumer confidence rising as summer holiday season begins
The number of people feeling financially secure has risen this quarter by three percentage points to 58%, while confidence that the UK economy is improving has risen to 17% from one in 10 three months ago, the KPMG Consumer Pulse poll found. The survey of 3,000 UK adults, taken in early June, found 50% feel able to spend freely, although 14% say they are still having to actively cut their discretionary spending to pay for essentials, and 3% of are incurring debt to do so. Reflecting on their spending during the last three months compared to the previous quarter, consumers most commonly said they had spent less on eating out. Around a quarter (23%) said they had bought more promotional or discounted items when shopping, while just over a fifth (22%) said they used their loyalty cards more. Of the 70% who are planning a holiday, 34% say it will be in the UK, 21% are heading abroad and 15% are doing both. However 75% of those going on holiday are taking steps to reduce the cost of travel, such as going for fewer nights, self-catering or using a lower-cost airline. Some 33% say they will be taking children on holiday during term-time to cut costs, while one in five (20%) said their whole holiday would be taken during term-time. Despite the quarterly improvement in economic confidence, half of people (51%) feel that the economy is still worsening – although this is down from 58% in the previous quarter. Those saying that the economy is getting worse cite the cost of their groceries (79%), utilities (74%), and the general state of public services where they live (42%). Linda Ellett, head of consumer, retail and leisure at KPMG UK, said: 'Consumer confidence has rallied over the last quarter and only a fifth of consumers now feel insecure about their financial circumstance. 'Businesses will be hoping that this improvement brings about increased spending confidence during the summer months. 'But macroeconomic confidence still looms large, with half of consumers still to be convinced that the economy isn't worsening.' Ms Ellett added: 'Summer holiday demand looks very healthy, bringing direct and indirect benefit to the UK retail and leisure sectors. 'Many households have prioritised discretionary spend for their holiday but, considering both household essential costs and the price of travel have increased, it is little surprise to see three quarters of holidaymakers are still taking a variety of steps to get the cost of their break down where they can.'
