Budget

January sales see shop price deflation hit 0 .7%

January sales helped shop price deflation reach 0.7% in January, above deflation of 1.0% in the previous month, as retailers…

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Halfords upgrades FY25 guidance but braces for £23m budget hit

Halfords has upgraded its profit before tax guidance to between £32m and £37m for FY25, thanks to recent trading and…

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Today’s news in brief-20/1/25

Quiz is reportedly considering closing up to a third of its 60 stores as part of a restructuring effort to…

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Pets at Home CEO warns Budget will effect part-time workers and women

Pets at Home CEO Lyssa McGowan has warned that the changes to National Insurance in the Budget will negatively impact…

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Retail sales unexpectedly fall amid ‘poor’ supermarket sales

Retail sales fell 0.3% in December according to the latest figures from the Office for National Statistics. It follows a…

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NI increase will force retailers to raise prices, BRC warns

The British Retail Consortium (BRC) has warned that the National Insurance Increase, set to come into place this April, will…

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Boots sales rise 8.1% in Q1

Boots has delivered a “strong” first quarter with total comparable retail sales up 8.1% YoY for the three months ended…

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Sainsbury’s boss criticises speed of Labour tax changes

Sainsbury’s CEO, Simon Roberts, has told the Telegraph that the chancellor gave businesses no time to plan for her £25bn…

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Today’s news in brief-9/1/25

The BRC-Nielsen IQ Shop Price Index showed shop price deflation at 1% in early December, up from 0.6% the previous…

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BRC warns of 2025 headwinds despite lower Xmas inflation

Consumers benefited from lower inflation for the week to 7 December 2024, according to the latest BRC-Nielsen IQ Shop Price…

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