Deflation
This coverage examines deflation and its implications for the UK retail sector, focusing on price trends, consumer behaviour, and business strategy in a declining price environment. Reporting highlights economic indicators, sector responses, and challenges retailers face in maintaining margins and demand during periods of deflation. Retail executives, finance managers, and strategists can use these insights to plan for shifting market conditions.
-
Jan- 2025 -9 JanuaryNews-In-Brief
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 month, reflecting strong discounting tied to a later Black Friday. Non-food prices fell sharply by 2.4%, though food inflation remained steady at 1.8%, its lowest since December 2021. BRC CEO…
Read More » -
9 JanuaryEconomy
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 Index, yet the British Retail Consortium anticipates fresh headwinds for the new year. The later timing of Black Friday in 2024 meant that the first week of December included the…
Read More » -
Oct- 2024 -29 OctoberNews-In-Brief
Today’s news in brief-29/10/24
The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8% in October, marking its lowest rate since August 2021. Food inflation also eased, with fresh food and ambient food prices falling. BRC’s CEO Helen Dickinson stressed that although this trend…
Read More » -
29 OctoberEconomy
BRC calls for chancellor to keep prices low
The BRC has called on the chancellor to keep prices low ahead of the budget as shop price growth hit its lowest rate in over three years. Shop Price deflation was at 0.8% in October, down from deflation of 0.6% in the previous month. This is below the three-month average…
Read More » -
22 OctoberDIY
Wickes sales jump 4.2% to £312.1m in Q3
Wickes has delivered stronger sales and a volume growth in retail, with LFL sales up 4.2% to £312.1m for the 13 weeks to 28 September. Despite challenging market conditions, the retailer’s design and installation business is “stabilising”, with LFL sales declining 13.3% to £79.2m compared to the 18.9% drop in…
Read More » -
2 OctoberNews-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
Read More » -
2 OctoberEconomy
Shop prices move further into deflation
Shop Price deflation was at 0.6% in September, down from deflation of 0.3% in the previous month and below the three-month average rate of -0.3%, according to the latest figures from the BRC-NielsenIQ shop price index. This means shop price annual growth was at its lowest rate since August 2021.…
Read More » -
Aug- 2024 -27 AugustNews
Today’s news in brief-27/8/24
UK shop prices have fallen for the first time since October 2021, with the BRC-NielsenIQ index reporting deflation of 0.3% in August, down from July’s 0.2% inflation. Non-food items saw a deeper deflation of -1.5%, driven by heavy discounts on summer stock, while food inflation slowed to 2%, with fresh…
Read More » -
27 AugustNews
UK shop prices fall for first time in three years, BRC finds
UK shop prices fell for the first time in three years since October 2021, the British Retail Consortium revealed. The BRC-NielsenIQ shop price index showed that deflation was at 0.3% in August, down from inflation of 0.2% in the previous month. Non-food remained in deflation at -1.5% in August, further…
Read More » -
Jul- 2024 -30 JulyNews
Today’s news in brief-30/7/24
Andrew Keith, CEO of Selfridges, has announced his departure to pursue new ventures, marking the end of his tenure characterised by navigating challenges including the pandemic and ownership changes. André Maeder will succeed him as CEO of Selfridges Group in the UK, focusing on innovation and customer experience amid potential…
Read More »
