Inflation

Rising energy and food costs push inflation to 11.1%

Inflation has risen to a 41-year high of 11.1% in October, according to data from the Office for National Statistics…

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Retail faces multiple challenges – A key one is fixing the data layer

As the UK consumer battles rising inflation, interest rates, scary heating bills and even considering back-up generators to avoid potential…

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Supermarkets see sales improve as they head into Christmas

In the last four weeks supermarkets’ total till value growth increased to 5.3% from 4.7% last month, despite inflation accelerating…

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Retailers call on chancellor to freeze business rates

Retail bosses from some of the UK’s leading retailers – including Tesco, Sainsbury’s, Greggs and Iceland – have called on…

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B&M maintains FY23 outlook despite £40m profit drop

B&M has maintained its previous guidance for the full year (FY23) with group adjusted Ebitda expected to be in the…

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How retailers can win customers in a more challenging climate

As we enter this critical period of the year for retailers, they are faced with a series of new challenges…

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M&S profits fall by 24% in H2

Marks and Spencers has seen its profit-before-tax fall by 23.7% to £205.5m in the second half of the year. Nonetheless,…

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Grocery price inflation hits record 14.7%

Four-week grocery price inflation has hit another record high figure at 14.7%, according to Kantar, marking another “record” high and…

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Primark sales rocket 43% in FY22

The parent company of Primark, Associated British Foods, has announced that Primark’s total sales rocketed by 43% to £7.7bn in…

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BoE raises interest rates to 3%

The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%, as it…

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