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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Jul- 2023 -7 JulyHigh Street
Heatwave dampens June footfall
Footfall fell -1.9% in the five weeks from 28 May to 01 July 2023 as hot weather meant that shoppers strayed from the high street, according to BRC-Sensormatic IQ data. The fall was worse than the three-month average increase of -1.1% and comes as high street footfall increased by 0.6%…
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6 JulyOnline & Digital
Nestware Holdings acquires UK Flooring Direct
Keswick Flooring, a subsidiary of Nestware Holdings, has announced the acquisition of UK Flooring Direct (UKFD) for an undisclosed sum. Teneo Financial Advisory acted as the lead advisor on the sale of UKFD to Keswick Flooring. Founded in 2005, UKFD is one of the UK’s leading online retailers of real…
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6 JulySupermarkets
Asda owner to face committee over inflated fuel prices
The Commons business and trade committee has reportedly informed Asda owner Mohsin Issa about “apparent discrepancies” in the price of petrol fuel pricing at the supermarket chain and has asked the businessman to appear on 19 July, according to The Telegraph. The chairman of the committee, Darren Jones, said that…
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6 JulyElectrical
Currys axes dividend as full-year profits slump
Currys has scrapped its dividend after revealing both profits and sales fell in its full-year results, with the group hit by “depressed demand, high inflation and unforgiving competition”. In the full-year ended 29 April, adjusted profit before tax plunged 38% to £119m, down from £192m the prior year, in part…
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5 JulyComment
Is AI retail’s friend or foe?
Generative AI is the latest buzzword to trend its way across the globe. Supercharged by the popularity of the ChatGPT tool released in November 2022, the world’s largest companies have all accelerated their development and adoption of AI into their products and services. It is clear, amidst the hype, that…
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4 JulySupermarkets
CMA issues £60,000 fine to Asda over fuel price probe failure
The Competitions and Market Authority (CMA) has fined Asda £60,000 for failing to provide information for its fuel pricing probe when required. Asda received two fines each of £30,000, for sending a representative to attend a compulsory CMA interview who was not equipped to provide evidence on certain topics and…
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4 JulySupermarkets
Sainsbury’s returns to growth in Q1 as food inflation falls
Sainsbury’s welcomed a return to volume growth and strengthening market share outperformance in Q1, largely driven by a strong grocery momentum over the period, as the group noted that food inflation was starting to ease. Over the quarter, like-for-like sales (excluding fuel) were up by 9.8%, while total retail sales…
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3 JulyComment
“The old storefront model is dead”: the future of retail are pop-up shops
Pop-ups as temporary stores have been around since before the pandemic, yet it seems to be an increasing trend. Is that so? Have you noticed an increase in demand? We’ve definitely seen an increase in demand across the board of space rentals. I think particularly being able to book something…
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Jun- 2023 -30 JuneAnalysis
Hotel Chocolat is in a bad way – but so are other chocolatiers
Over the course of Easter 2023, the UK was responsible for one in eight Easter-related chocolate launches, according to research from Mintel’s Global New Products Database (GNPD), while seasonal Easter chocolate products also saw a 19% rise over the past 12 months. Meanwhile, UK-based ‘free-from’ chocolate brand NOMO reported a…
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28 JuneHigh Street
ProCook revenues fall 9.9% in FY23
Kitchenware brand ProCook has revealed that total revenues fell by 9.9% to £62.3m in the year ended 2 April, with like-for-like revenues declining by 10.7% year-on-year following outperformance by the group last year. The group attributed its performance to gross profit margins being held back by higher supply chain costs…
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