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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Aug- 2024 -23 AugustClothing & Shoes
Fred Perry PBT jumps 11.5% to £18.5m
Fred Perry has revealed its profit-before-tax jumped 11.5% to £18.4m in the year ended 31 December 2023. In its most recent filings to Companies House, the clothing and sportswear retailer, founded by the eponymous Wimbledon champion, revealed its turnover also jumped 10% to £154.1m as its European and and International…
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21 AugustOnline & Digital
Supermarket sales rise 5.5% amid summer holidays boost
Total Till sales at UK supermarkets has seen a 5.5% increase in the last four weeks ending 10 August 2024, up from 3.6% in the previous month, according to new data released by NIQ. This is the largest growth in Total Till sales recorded so far this year, which was…
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19 AugustClothing & Shoes
Boohoo in dispute with suppliers over poor stock quality
Boohoo and its suppliers are reportedly in a dispute over claims the fast fashion group has received a significant amount of defective stock and is therefore withholding payments, The Telegraph has reported. It is understood that the fashion group is refusing to pay the outstanding fees until the issues are…
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14 AugustNews
Today’s news in brief-14/8/24
Inflation in the UK increased to 2.2% in July 2024, up from 2% the previous month, driven by less significant declines in energy prices compared to a year ago. The Office for National Statistics (ONS) reported that while gas and electricity prices fell by 7.8% and 6.8% respectively from June…
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14 AugustEconomy
Inflation rises to 2.2% due to energy prices
Inflation increased for the first time this year in July, as energy prices fell less than they did a year ago, according to the latest figures from the ONS. Prices rose 2.2% in July, up from 2% the previous month, but came below analysts previous estimates of 2.3%. Although monthly…
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13 AugustNews
Today’s news in breif-13/8/24
UK wage growth has fallen to a two-year low, with wages excluding bonuses growing by 5.4% in the three months ending June 2024, the lowest since 2022, according to the Office for National Statistics. Factoring in inflation, wage growth drops to 3.2%. Public sector pay rose by 6%, while private…
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13 AugustNews
UK wage growth falls to two-year low
Wages excluding bonuses in the UK grew by 5.4% in the three months ended 30 June 2024, the lowest growth for two years, according to data from the Office for National Statistics (ONS). Furthermore, when price rises, measured by inflation, are factored in wages only grew by 3.2%. Alongside this,…
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13 AugustSupermarkets
Sainsbury’s sees biggest market share gain since 1997
Take-home sales at the grocers rose by 3.8% in the four weeks to 4 August 2024 compared with a year ago, as Sainsbury’s also saw its largest market share gain since 1997, according to the latest data from Kantar. Sainsbury’s market share increased 0.5 percentage points over the 12 weeks…
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5 AugustFeatures
All aboard for retail’s automation revolution
The retail sector stands at the cusp of a transformation. In an era where economic uncertainty reigns, consumer demand remains unpredictable, yet the expectation for personalized service is unwavering and intensifying.Retailers are grappling with stubborn inflation, supply chain disruptions, and escalating costs, all of which are eroding already thin margins.…
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1 AugustEconomy
BoE cuts interest rates for first time in 4 years
The Bank of England (BoE) has cut interest rates for the first time in four years, with the rate falling to 5%. The bank voted by a majority of 5–4 to reduce the rate by 0.25 percentage points to 5%, marking the first fall in inflation since March 2020, where…
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