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- 2023 -3 NovemberDIY
Wickes maintains FY guidance as it increases market share
Wickes has said it is on track to meet its FY guidance, expecting an adjusted pre-tax profit of £45.3m to £49m for FY24, as its market share grew and like-for-like sales inched up 1.1% in Q3. This is despite a 0.2% decline that was attributed to negative 4.4% growth in…
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2 NovemberSupermarkets
Sainsbury’s set to hit upper half of guidance despite PBT drop
Sainsbury’s has announced that it expects to hit the upper half of its full year guidance of between £670m and £700m despite seeing its statutory profit before tax drop 27% to £275m for the 28 weeks ended 16 September 2023. The supermarket put the fall in profit before tax down…
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1 NovemberEconomy
Black Friday spending to halve due to cost-of-living crisis
Overall spending per person over Black Friday is due to fall from £168.18 in 2021 back to the 2020 average of £86.06, according to Wunderman Thompson Commerce’s findings. This comes as the ongoing cost-of-living crisis, rising inflation and debt concerns are expected to limit shoppers’ spend during Black Friday 2023. …
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Oct- 2023 -31 OctoberNews
Today’s news in brief-31/10/23
The British Retail Consortium reports a drop in shop price inflation to 5.2% in October, down from 6.2% in September, marking the lowest rate since August 2022. Non-food inflation also declined to 3.4%, the lowest since September 2022. Food inflation decelerated to 8.8%, and fresh food inflation decreased to 8.3%,…
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31 OctoberEconomy
Shop price inflation reaches lowest point since August 2022
Shop price annual inflation has dropped to 5.2% in October, down from 6.2% in September, reaching its lowest point since August 2022, according to data from the British Retail Consortium (BRC). As a result the BRC has called upon the chancellor not to burden businesses with “unnecessary new costs” to…
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20 OctoberNews
Retail sales drop in September as demand for household goods wanes
Retail sales have fallen by 0.9% in September, following a rise of 0.4% in August 2023, according to the new figures from the ONS. Looking at the quarterly picture, sales volumes fell by 0.8% in the three months to September 2023 when compared with the previous three months. Non-food stores…
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18 OctoberEconomy
Inflation remains at 6.7% despite fall in food prices
Inflation remained unchanged at 6.7% in September as a fall in food prices was offset by an increase in the price of fuel. According to the latest figures from the Office for National Statistics (ONS), food and non-alcoholic beverage prices fell by 0.1% between August and September 2023, compared with…
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17 OctoberOnline & Digital
THG maintains guidance following steady Q3
THG has maintained its full-year revenue and EBITDA guidance after welcoming its best quarterly revenue performance in the last year. Q3 revenues were still down by 4.4% against the prior year, but its performance improved each month in the quarter. The group also returned to positive constant currency revenue growth…
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17 OctoberSupermarkets
Grocery sales stabilise helped by supermarket loyalty scheme discounts
Total Till sales at UK supermarkets experienced sustained growth (+9.1%) in the last four weeks ending 7 October 2023, according to new data released today by NIQ. This growth, although slightly down from +10.1% growth in the previous month, is in line with retail food inflation (+9.9%). Volume sales also…
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13 OctoberAnalysis
Major retailers are hiring for Xmas – but is that right for you?
As the festive season approaches, shoppers in the UK are gearing up for Christmas spending, while retailers are preparing themselves to get rushed by mad crowds. A number of high-profile retailers – including Tesco, Sainsbury, Majestic Wines and Aldi – have already announced that they are looking to hire many…
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