Inflation
This coverage analyses the impact of inflation on the UK retail industry, focusing on costs, pricing strategies, consumer spending, and operational challenges. Reporting highlights economic trends, retailer responses, supply chain pressures, and leadership decisions to manage margins and demand. Designed for executives and managers, it offers insights to navigate inflationary pressures while maintaining competitiveness.
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Nov- 2024 -28 NovemberSupermarkets
John Lewis ‘worried’ about increase in National Minimum Wage
John Lewis has told the Telegraph that it is “worried” about the impact of Rachel Reeve’s decision to increase the National Minimum Wage. As part of the budget, the chancellor confirmed that the National Minimum Wage for 18 to 20-year-olds will rise 16.8% from £8.60 to £10, while pay for…
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22 NovemberEconomy
UK consumer confidence rises post-budget
UK consumer confidence increased three points to -18 in November, according to GfK’s long-running index. The survey revealed that all measures were up in comparison to last month’s announcement. The index measuring changes in personal finances during the last year was up one point at -9. Meanwhile, the survey revealed…
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20 NovemberNews-In-Brief
Today’s news in brief-20/11/24
Ted Baker has re-entered the online retail scene with a UK-exclusive ecommerce platform following its financial collapse earlier this year. The site is operated by United Apparel and Legwear (ULAC), appointed by Authentic Brands Group, which owns the brand. European versions are in development. This marks a strategic pivot after…
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20 NovemberEconomy
Energy bills push inflation to 2.3% in October
The rising cost of energy has pushed inflation up to 2.3% in October, above consensus forecasts of 2.2%, according to the latest figures from the Office for National Statistics (ONS). The figure is up from the 1.7% posted in September and is also above the desired level of 2% set…
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19 NovemberNews-In-Brief
Today’s news in brief-19/11/24
Morrisons has achieved a significant reduction in its debt, cutting it by £2.4bn as part of a major restructuring. Since the start of 2023, the supermarket’s debt has dropped from £6.2bn to £3.8bn, supported by a £370m ground rent deal with Song Capital. The restructuring extended Term Loan Facilities to…
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19 NovemberEconomy
Retailers warn National Insurance increase could cause job losses
A number of large retailers have warned that the National Insurance increase could cause inflation and job losses, in a letter sent to chancellor Rachel Reeves. Over 70 businesses including Tesco, Sainsbury’s, Next, Amazon, and Boots have written to Reeves, in a letter organised by the British Retail Consortium. The…
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18 NovemberFeatures
Digital shelf analysis: The secret weapon for brands this golden quarter
In Britain, 67% of consumers plan to spend the same or more than last year during the 2024 golden quarter1 so brands will need to pull out all the stops to get their slice of the pie, particularly when it comes to sales and marketing strategies. With huge retail events…
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15 NovemberNews-In-Brief
Today’s news in brief-15/11/24
The UK economy stagnated in Q3 2024, with GDP rising just 0.1%, a sharp slowdown from 0.5% growth in Q2. The services and construction sectors saw modest gains, but production shrank. Nominal GDP increased by 0.8%, driven by rising employee compensation. Economic uncertainty, partly due to the upcoming budget, hindered…
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15 NovemberEconomy
BRC warns chancellor Budget could cause inflation and job losses
The British Retail Consortium (BRC) has warned that the latest budget could cause inflation and job losses, in a draft letter seen by Sky News. In the draft, the BRC estimated that the National Insurance changes would increase retailers’ tax burden by £2.3bn annually. It also argued that the number…
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14 NovemberNews-In-Brief
Today’s news in brief-14/11/24
The Range and Wilko owner, CDS Superstores, has acquired 70 Homebase stores after the DIY retailer entered administration. This move, intended to save about 1,600 jobs, will allow Homebase stores to continue operating under CDS while administrators from Teneo Financial Advisory manage the transition. Homebase’s decline, attributed to low consumer…
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