Cost of Living
This coverage examines how the UK’s ongoing cost-of-living crisis is reshaping the retail landscape. Reporting includes the impact of rising operational costs—such as increased National Insurance contributions and higher minimum wages—on retailers’ margins and employment decisions. Additionally, the content highlights shifts in consumer behaviour, with shoppers prioritising value and reducing discretionary spending. The analysis also addresses the broader economic implications, including store closures and job losses, providing insights for retail professionals navigating these challenges.
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Apr- 2022 -22 AprilEconomy
Retail sales tumble amid cost of living crisis
Retail sales fell by 1.4% last month as consumers reduced their spending amid the cost of living crisis. This marked a much steeper decline than the fall of 0.5% reported in February 2022, revised from a previous fall of 0.3%. According to the Office for National Statistics (ONS), the biggest…
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12 AprilSupermarkets
M&S commits to lower prices amid cost of living crisis
M&S has committed to lowering the prices of everyday products in a bid to ease the pressure of the unfolding cost of living crisis. The retailer is set to lower prices within its Remarksable range, with a focus on everyday staples, including semi-skimmed milk, sliced bread, beef mince, spaghetti and…
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Feb- 2022 -16 FebruaryEconomy
Inflation hits 30-year high amid rising cost of living
Inflation rose by 5.5% in the 12 months to January 2022, up from 5.4% in December 2021, marking the highest annual inflation rate since May 1992. According to the Office for National Statistics (ONS), the largest upward contributions to the change in the inflation rate between December 2021 and January…
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