After a strong start to 2022 for the retail market, the geo-political events soon stretched the supply chains resulting in a slow-down in demand. The further increase of costs for retail businesses, while consumer confidence levels reached historic lows, made for a challenging trade outlook on the year.
However, despite this backdrop, large parts of the market remained resilient and non-food categories like apparel, benefitted from two years of pent-up demand during the spring and summer seasons. Overall value sales increased throughout the year, however this was largely was driven by higher prices rather than people buying more.
The highly anticipated 2022 Christmas trading results are now coming through thick and fast, and surprisingly, are broadly positive.
Explore all the results, peak retail trends and download our report to discover the 3 key themes that should be front of mind for retailers in 2023.