US EditionConsumer expectations for economy plunge to ‘new low’
- Consumer expectations for the economy have dropped to a new low, with a figure of minus 34, down from minus 27 in December, according to the British Retail Consortium Consumer Sentiment Monitor.
- Sainsbury's announced it will cut 3,000 jobs as part of a three-year £1bn cost-cutting plan, impacting senior management positions significantly.
- Primark reported a 6 percent sales decline in the last three months of the year, marking its first sales drop since the pandemic began.
- The survey indicates that two-thirds of those aged 60 to 78 expect the economy to worsen, while only those aged 18 to 27 expect improvement, as noted by the British Retail Consortium.
15 Articles
15 Articles
Consumer assumptions for financial scenario dive to ‘new low’ in the course of work cuts
Consumer assumptions for the financial scenario have really dived because the government offers with ongoing stress over public funds. It comes as companies report work cuts and decreased gross sales. Sainsbury’s claimed on Thursday it might definitely scale back 3,000 duties whereas clothes chain Primark reported that its gross sales succumbed to the very first time contemplating that the pandemic. Expectations for the state of the financial sc…
Retail sales at constant prices (excluding inflation) in December 2024 were 1.9% higher than a year ago, the Central Statistical Office reported. Analysts had expected an increase of 3.9%.
Consumers expectation sees January dip – RetailWit
According to BRC-Opinium data, consumer expectations over the next three months of their personal financial situation dropped to -4 in January, down from -3 in December. Expectations for the state of the economy worsened to -34 in January, down from -27, personal spending on retail… This story continues at Consumers expectation sees January dip Or just read more coverage at Talking Retail
Consumers feeling the January blues, says BRC - Big Furniture Group
Consumer expectations for spending within the furniture sector are forecast to fall by 15% over the next three months, says new data from the British Retail Consortium (BRC). According to BRC-Opinium data, consumer expectations over the next three months of their Personal financial situation dropped to -4 in January, down from -3 in December. Expectations of the State of the economy worsened to -34 in January, down from -27 in December, Personal…
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