Retail News Index
Household and Leisure continue to be the focus of positive news stories, with Clothing and Footwear, Personal, Food and Catering all experiencing decreases against the 2005 base, this month ensuring that the All Retailers index remains in negative territory.
Once again, only Leisure experienced a YoY increase, at 4% against June 2009. Food once again suffered the most in the year at 12.3% down on June 2009.
FSP on average review over 350 unique items of retailer news. Each article is then scored according to sentiment. RNI is the sum of these scores, indexed against 2005 and averaged over a three month period. The RNI time series for all retailers starts from May 2002.
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The latest report can be seen in full here. Releases typically break the results down by merchandise category, providing a reliable overview comparison across industry sectors.
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What is the Retail News Index?
Views expressed in the media not only reflect what is happening in the UK retail market but can conspire to create their own momentum. For example, the constant drip-feed of bad news tends to engender a negative mind-state whilst the increasing mention of ‘green-shoots’ has the opposite effect. Launched by FSP in 2009, the Retail News Index compliments the retail and economic statistics provided on our SnapShop website to give you an insight into the mood of the retail economy.
FSP typically reviews over 350 unique items of retailer news every month, from both industry journals and national press. Each item is scored according to the sentiment of the news (i.e. expanding/strong sales growth - positive; store closures/redundancies - negative). RNI is the sum of these scores, indexed against 2005 and averaged over a three month period to eliminate volatility and produce a reliable trend indicator.
The content of this report has been derived from statistical, trade and published sources. Whilst FSP has used its best endeavours to ensure the accuracy of the information, it cannot accept liability for any data therein nor any interpretation made there from.
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This level of market intelligence is always useful.
Andrew Bauer
Centre Director
County Mall, Crawley