RETAIL EYE - TRENDS IN RETAIL AND POS

Every month we capture what is happening in retail – understanding key themes and trends for POS.  This snapshot guide helps to bring the high street to your desk monthly.

FOOTFALL

Consumer spending power is continuing to be affected by the cost-of-living crisis, with UK footfall down 1.3% - covering the four weeks from 1-28 October 2023 – compared to October 2022..* The drop marks the first decline in year-on-year footfall since April 2021, with high streets seeing a 2% decline, shopping centres a 1.8% decline and retail parks a marginal rise of 0.8%.* October footfall was not helped by rail strikes at the start of the month and severe storms in the third week..

HALLOWEEN

Halloween is estimated to be worth £1.07 billion as shoppers stock up on costumes, confectionery and household decorations.** Spending has increased significantly in the last ten years compared to 2013, when spend on Halloween was £230 million.**

For a full copy of the report contact info@teamfero.com.  

*MRI Software

**Censuswide on behalf of Finder, of 2,000 adults across the UK – combined with data from Mintel, YouGov, and the World Economic Forum