Blog Posts

It's time for Competitor Price Watch, to share the Retail Sales data from the Office of National Statistics as we know that you rely on us for such things.

Main Points for Retail Overall

In October 2016, the quantity bought (volume) of retail sales is estimated to have increased by 5.9% compared with November 2015; all store types showed growth with the largest contribution coming again from non-store retailing. Despite including 'Black Friday', this is actually a drop on last month by almost 1.5% in year.

However, the underlying pattern in the retail sector is still growing with the 3 month on 3 month movement in the quantity bought increasing by 2.1% and marking the 35th consecutive month that this has grown.

Average store prices (including petrol stations) increased by 0.1% in November 2016 compared with November 2015; there were falls in average store price across all store types except petrol stations.

The amount spent (value) in the retail industry increased by 5.9% compared with November 2015 and increased by 0.5% compared with October 2016.

The amount spent online increased by 24.9% compared with November 2015 and by 3.0% compared with October 2016.

Main Points of Internet Retail Sales

Average weekly spending online in November 2016 was £1.1 billion; this was an increase of 24.9% compared with November 2015

The amount spent online accounted for 15.8% of all retail spending, excluding automotive fuel, compared with 13.3% in November 2015

Summary of internet statistics, November 2016

Value seasonally adjusted, percentage rates for Great Britain

CategoryYear-on-year growthSales as a proportion of all retailing
All retailing24.915.8
All food23.85.2
All non-food19.812.2
Department stores14.213.5
Textile, clothing and footwear stores14.815.1
Household goods stores33.711.6
Other stores23.08.9
Non-store retailing29.375.6
Source: Monthly Business Survey – Retail Sales Inquiry - Office for National Statistics

Another increase for the online shopping sector with an increase of 24.9% in a year up to £1.1 billion that accounts for 15.8% of all retail. The 'textiles, clothing and footwear' has seen a surge again this month which would suggest that Christmas jumpers are really popular this year!

It would appear, however, that even with the festive season upon us, people's spending be being carefully targeted which does mean that online retailers are going to need to be extra vigilant when it comes to pricing.

Competitor Price Watch is waiting and willing to help.
It's that time again where here at Competitor Price Watch, we are sharing the Retail Sales data from the Office of National Statistics for your information and fascination.

Main Points for Retail Overall

In September 2016, the quantity bought (volume) of retail sales is estimated to have increased by 7.4% compared with October 2015; all store types showed growth with the largest contribution coming again from non-store retailing.

There was no change in the quantity bought compared with August 2016; decreases in food stores, other stores and textile, clothing and footwear stores were offset by increases in department stores, household goods stores and non-store retailers.

The underlying pattern in the retail sector continues to show relatively strong growth with the 3 month on 3 month movement in the quantity bought increasing by 1.9% and marking the 34th consecutive month that this has grown.

Average store prices (including petrol stations) fell by 0.7% in October 2016 compared with October 2015; there were falls in average store price across all store types except petrol stations. This is the smallest decrease since July 2014.

The amount spent (value) in the retail industry increased by 6.6% compared with October 2015 and increased by 2.1% compared with October 2016.

The amount spent online increased by 26.8% compared with October 2015 and by 2.1% compared with September 2016.

Main Points of Internet Retail Sales

Average weekly spending online in September 2016 was £1 billion; this was an increase of 26.08% compared with October 2015

The amount spent online accounted for 15.2% of all retail spending, excluding automotive fuel, compared with 12.7% in October 2015

Summary of internet statistics, October 2016

Value seasonally adjusted, percentage rates for Great Britain

CategoryYear-on-year growthSales as a proportion of all retailing
All retailing26.815.2
All food24.95.0
All non-food19.811.2
Department stores18.513.1
Textile, clothing and footwear stores5.213.3
Household goods stores42.110.2
Other stores31.18.7
Non-store retailing32.577.6
Source: Monthly Business Survey – Retail Sales Inquiry - Office for National Statistics

As can be seen, Online shopping as a whole has increased by 26.8% in a year and now accounts for 15.2% of all retail which is up even on last month. It's good to see that after a slump in October, 'textiles, clothing and footwear' has picked up again, perhaps people buying their Christmas party outfits?

The most interesting statistic for us was the fact that, on average, there was £1 Billion spent every week in October 2016. With that amount of money being spent, every online retailer needs to be sure that their prices are right where they should be.

Competitor Price Watch is waiting and willing to help. Give us a call.
As 2016 hasn’t been the best of years for politics or being a celebrity, here at Competitor Price Watch we wanted to offer a little cheer as we go into the dark nights of winter.

As you know, we already have a tremendous system and provide unrivalled client support all at a very competitive rate but we thought that we could do more!

If you sign up before the end of the year, you can choose between one of the following money saving offers –

No Commitment

Our terms state that there is a minimum 3 month commitment to using the service. If you aren’t too sure about tying in for any length of time then, until the end of the year, you can choose this offer and could leave the service at any point.

33% Off for the first 3 months

As we mentioned above, there is a 3 month minimum commitment but we can ease any concerns you may have about using Competitor Price Watch by discounting your first 3 monthly payments by a third. That’s a full free month over the tie-in period. After the 3 months, your monthly charge would go up to the full, still reasonable, price but by that time you will be so glad that you are using Competitor Price Watch that you won’t mind a bit.

Pay the Lower Price Break for 6 months.

When working out the cost of using the Competitor Price Watch service, we have a range of price breaks based on the number of matches we are looking at for you. We call these Match Brackets. The lowest we usually offer is for between 0 and 500 matches and then increases to 500 to 1,000 matches for the next level and so on with the number of matches growing with each increase in monthly admin charge.
Each of these match brackets attracts its’ own price break but what if we were to offer you 500 to 1,000 matches for the same price that we would normally charge for 0 to 500? For 6 months!
This offer would require you to be with us for the 6 month period but at the reduced cost and opportunity to monitor more matches, you won’t mind at all.

If you think that you would like to take advantage of one of these offers, please do get in touch with us and we would be delighted to talk you through the details.

We’re looking forward to hearing from you!
According to the National Institute of Economic and Social Research (NIESR), and the accompanying explanation from the BBC, things are about to get interesting in the retail world.

You see, there was some kind of electoral vote a couple of months ago about Europe that seems to have upset a few economists and we could now be looking at a rising rate of inflation and a cut in disposable income.

It would appear that our inflation rate could increase four-fold to 4% which, combined with the falling value of the pound against the Euro and Dollar, will cause a rise in the price of pretty much everything including online sales.

This means that the consumer is going to be searching all the more diligently for the best price for everything that they want to buy. It’s a bit of a shame as we had been seeing a rise in online spending and a general levelling of prices but with this new warning comes a need to be sure that you are pricing your products in just the right way.

You will need to be sure that whenever customers look at your site, you can assure them that they won’t find better value.

The only way that you can do this is by monitoring your competitor prices and Competitor Price Watch has just the tool that you need to do that.

Not only can we provide you with daily (or hourly, weekly or monthly) updates of your competitor prices, we also have the functionality to allow you to put these same regularly updated prices directly on to your website. This will show people browsing your site that you are committed to providing the best value and will turn browsers into buyers.

There are tough times coming in the online retail market. Why not let Competitor Price Watch give you a helping hand by keeping you ahead of the rest.
Who doesn’t love a good statistic?

Here at Competitor Price Watch, we like to keep an eye on the amount of money that people are spending and where it is being spent. Obviously, the more that is spent online means the more e-retailers are going to need us and we want to be ready.

Up until now we have kept this information to ourselves but have decided that this sort of thing might be interesting to everybody who is involved in retail. So, starting this month, we will be copying the Retail Sales data from Office of National Statistics and sharing selected parts of the download with you all.

You’re welcome.

Main Points for Retail Overall

In September 2016, the quantity bought (volume) of retail sales is estimated to have increased by 4.1% compared with September 2015; all store types except textile, clothing and footwear stores showed growth with the largest contribution coming from non-store retailing.

There was no change in the quantity bought compared with August 2016; decreases in food stores, other stores and textile, clothing and footwear stores were offset by increases in department stores, household goods stores and non-store retailers.

The underlying pattern in the retail sector continues to show relatively strong growth with the 3 month on 3 month movement in the quantity bought increasing by 1.8%.

Average store prices (including petrol stations) fell by 1.1% in September 2016 compared with September 2015; there were falls in average store price across all store types, except textile, clothing and footwear stores and petrol stations. This is the smallest decrease since August 2014.

The amount spent (value) in the retail industry increased by 2.9% compared with September 2015 and increased by 0.1% compared with August 2016.

The amount spent online increased by 22.0% compared with September 2015 and by 2.8% compared with August 2016.

Main Points of Internet Retail Sales

Average weekly spending online in September 2016 was £931.0 million; this was an increase of 22.0% compared with September 2015

The amount spent online accounted for 15.0% of all retail spending, excluding automotive fuel, compared with 12.6% in September 2015

Summary of internet statistics, September 2016

Value seasonally adjusted, percentage rates for Great Britain

CategoryYear-on-year growthSales as a proportion of all retailing
All retailing22.015.0
All food15.64.8
All non-food16.311.1
Department stores19.913.0
Textile, clothing and footwear stores-4.512.9
Household goods stores44.410.4
Other stores30.78.7
Non-store retailing28.080.4
Source: Monthly Business Survey – Retail Sales Inquiry - Office for National Statistics

As can be seen, Online shopping as a whole has increased by 22% in a year and now accounts for 15% of all retail. If this trend continues – and there is no reason to think that it won’t – the online retailers are going to need all the help that they can get.

Competitor Price Watch are waiting to hear from you…