Holiday 2023: UK Retail Wrap-Up—December Downturn Unlikely To Herald Renewed Retrenchment

Published – January 2024

The UK holiday season is all wrapped-up! We offer our conclusions from peak-season trading: dive into retail sales data and retailers’ trading updates from the fourth quarter of 2023. In addition to assessing recently reported metrics, we present our view on the UK consumer economy and look ahead to the prospects for UK retail in 2024.

Data in this research report include:

• UK retail sales growth over the past 15 months
• 2024 holiday-quarter UK retail sales growth by sector—nominal and real
• Major UK grocery and nonfood retailers’ sales results for holiday 2023 vs. holiday 2022

Introduction

UK Holiday 2023 Wrap-Up: Coresight Research Analysis

1. Retail Sales Growth Over the Holiday Season
2. Retailers’ Performance: Grocery Retailers
3. Retailers’ Performance: Nongrocery Retailers

What We Think

• The Coresight Research View on the UK Consumer Economy
• Implications from This Report

Notes

Appendix: Major Retailers’ Sales Growth One Year Earlier

9-page PDF report

Aldi, Asda, ASOS, B&M, B&Q, Boohoo Group, Currys, Dunelm, Home Bargains, J. Sainsbury, Marks and Spencer, Next, Poundland, Primark, Shein, Tesco, Temu, The Very Group

1. UK Retail Sales Growth (YoY % Change)
2. UK Retail Sales Growth by Sector (YoY % Change, Nominal and Real)
3. Major UK Grocery Retailers’ Sales Results for Holiday 2023 vs. Holiday 2022
4. Major UK Nonfood Retailers’ Sales Results for Holiday 2023 vs. Holiday 2022