Our Insight & Analytics experts, Natalie Berg, Retail Analyst & Founder of NBK Retail, James Hardiman, Senior Analyst, and Tina Spooner, Strategic Insight Manager, provided an analysis of the retail industry performance in the first quarter of 2022. This was framed within the larger economic context.
Following a promising start to the year for retail sales with January sales up 11.9% year-on-year, the future is looking increasingly uncertain as retailers face a number of headwinds. The acceleration in the cost of living due to global inflation and rising energy bills continues to squeeze consumers’ discretionary spending and supply chain disruptions are ongoing. With that in mind, what does the near-term entail for the retail outlook?
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