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.
-
Oct- 2024 -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 » -
25 OctoberEconomy
UK consumer confidence falters ahead of budget
UK consumer confidence has dropped to -21 in October, according to GfK’s long-running index. The survey revealed that out of the five measures three declined and two rose compared with September’s announcement. The index measuring changes in personal finances during the last year was down one point at -10. Meanwhile,…
Read More » -
22 OctoberSport & Leisure
Halfords sales flat in H1 as consumers remain cautious
Halfords has reported broadly flat revenues in the first half of FY25, with group sales down by 0.1% as consumers were “cautious” with their spending over the period. According to the group, this was compounded by ongoing uncertainty ahead of this year’s Autumn Budget. In the 26 weeks ended 27 September…
Read More » -
16 OctoberNews-In-Brief
Today’s news in brief-16/10/24
Inflation in the UK has dropped to 1.7% in September, marking its lowest level in over three years, down from 2.2% in August. This decline, driven largely by falling airfares and petrol prices, is below the Bank of England’s 2% target, which may result in pressure to lower interest rates.…
Read More » -
16 OctoberSupermarkets
Increase in visits sees supermarket sales up 4.7% in October
Total Till sales increased 4.7% at UK supermarkets in the last four weeks ending 5 October 2024, up from +4.0% in the previous month, according to new data released today by NIQ. It said this is likely due to shoppers starting to look towards seasonal products as retailers roll out…
Read More » -
16 OctoberEconomy
Inflation falls to lowest rate in over three years
UK inflation fell to 1.7% in September, down from 2.2% in August, marking the lowest rate in over three years.This means inflation is now below the Bank of England’s 2% target, meaning the bank may face pressure to cut interest rates next month. According to the Office for National Statistics,…
Read More » -
14 OctoberDepartment Stores
Selfridges’ property value falls by more than £600m
The value of Selfridges’ property portfolio plunged by more than £600m last year, according to The Sunday Times.The Times reported that accounts for the department store’s property assets showed its £3.1bn property portfolio had been marked down by £638.6m by valuers, a fall of 20.6%. It also reported that over…
Read More » -
3 OctoberNews-In-Brief
Today’s news in brief-3/10/24
Tesco has reported a robust first half of the financial year, marked by increased sales and profits, prompting an upward revision of its full-year guidance. The supermarket giant achieved a 10% rise in retail operating profits to £1.56bn, with statutory operating profits climbing 13% to £1.6bn. This growth was supported…
Read More » -
3 OctoberSupermarkets
Sainsbury’s chief calls for Budget action on consumer confidence
Sainsbury’s boss Simon Roberts has called on the government to introduce measures to improve consumer confidence in the Budget this month. He told Reuters that despite falling inflation, higher wages, and solid employment levels, UK shoppers remain nervous about spending on bigger ticket items. Recent surveys have shown UK consumer…
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 »
