January 2015
Featured in this insight: Consumer goods & FMCG , Financial services, Retail
Industry survey shows optimism amongst UK retailers: A recent survey by The British Retail Consortium, which accounted for approximately 18% of the retail industry, has found that retailers in the UK are increasingly optimistic about the year ahead.
Of the respondents, just over three quarters (76%) claimed that they expected their sales to grow in 2015. As well as this, 78% anticipated a rise in employment.
More than two thirds of the sample suggested that they were expecting levels of investment to increase.
However, retailers outlined that their main worry for 2015 was weak consumer demand. Closely following this, retailers were also worried about business rates tax.
The British Retail Consortium’s director general, Helen Dickinson said: "The retail industry will be doing its part to drive growth in 2015 – by investing and creating jobs – but these efforts will be hampered if serious solutions to the burden of business rates are not found."
Due to inflation being at its lowest levels in twelve years, it has been said that British people’s spending power has been increased.
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