Deflation

Shop price inflation returns to ‘normal levels’, BRC finds

Shop price annual inflation eased from 0.8% in April to 0.6% in May, according to the British Retail Consortium’s (BRC)…

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Wickes maintains FY outlook despite LFL sales decline

Wickes has maintained its full-year profit guidance, despite overall like-for-like sales for the first 16 weeks to 20 April falling…

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Today’s news in brief-30/4/24

Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the…

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Shop Price annual inflation falls to 0.8% in April

Shop Price annual inflation eased to 0.8% in April, down from 1.3% in March, as it starts to show “signs…

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Asda profits soar 24% to £1.1bn amid sales boost in FY23

Asda has seen adjusted EBITDA after rent soar by 24% to £1.078bn in FY23, largely driven by like-for-like sales growth…

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Travis Perkins cuts guidance amid slowdown in trading 

Travis Perkins has lowered its full-year guidance after ​​facing challenging market conditions and a “pronounced slowdown” in new build housing…

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Tesco cuts price of pasta and cooking oil 

Tesco has unveiled further price cuts for a number of store cupboard essentials in a bid to support customers during…

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Boohoo profits halve in FY22

Boohoo has seen its profits fall by 49% to £63.3m in 2022, with revenues falling to £1.8bn, down by 11%…

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Tesco eyes supplier price cuts in bid to lead supermarket deflation

Tesco is reportedly set to push suppliers for price cuts as it looks to pass on lower prices to consumers…

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THG lowers profit guidance as it launches new strategy

THG has revealed it now expects its EBITDA to come in between £70m-£80m, down from £100m-130m, due to lower full-year…

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