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- 2022 -25 JulyClothing & Shoes
Asos delays autumn orders amid fears shoppers may cut back
Asos has delayed some autumn orders due to concerns that customers will cut back on buying new clothes in the cost of living crisis, according to The Mail on Sunday. Asos suppliers reportedly told the outlet that some stock had to be cancelled at short notice. However, it added that…
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22 JulyEconomy
63% of SME owners looking for business partners, study shows
A new study from global technology platform, Intuit QuickBooks, has found that almost two thirds (63%) of SME owners are looking for a business partner, while just 8% already have one, which suggests that a surge in business partnerships is on the horizon. This comes as small business owners and…
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22 JulyEconomy
Consumer confidence remains at historic low in July
UK consumer confidence remained at a historic low of -41 in July, according to GfK’s long-running Consumer Confidence Index. GfK found that two measures were up, one was down and two were the same in comparison to the 24 June announcement. The index measuring changes in personal finances over the…
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22 JulySupermarkets
Gov agrees deal with grocers to help with cost of living crisis
The Government has agreed deals with major UK grocers, including Asda and Sainsburys, to help ease the cost of living crisis as part of its Help for Households Campaign. The deals are designed to reduce costs at the checkout and ensure access to necessary services for families during the summer…
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21 JulySupermarkets
Ocado losses widen to £211m
Ocado has revealed an interim loss before tax of -£211m, for the 26 weeks ending on 29 May, which it said “reflects increased depreciation and amortisation costs with the ongoing roll out of OSP, and reduced exceptional insurance income received in the period, compared with the prior year”. Meanwhile group…
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20 JulyOnline & Digital
Collect+ and Wish to partner on click and collect parcels
Collect+, part of PayPoint Group and the e-commerce marketplace, Wish, have announced a partnership that will allow consumers to click and collect Wish parcels from Collect+ retailers. It is reported that millions of buyers and hundreds of thousands of merchants use Wish marketplace, and that this partnership will provide “even…
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20 JulyEconomy
Premier Foods sales surge to £197m
Premier Foods, a food manufacturer, has reported a sales increase of 6% to £197m over the three months to 2 July, compared with the same period two years ago. The company, which owns brands such as Mr Kipling, Ambrosia, Batchelors and Oxo, said it is on track to deliver full…
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20 JulySupermarkets
Supermarket sales see minor rise amid rising inflation
Supermarket sales rose by 0.1% in the 12 weeks to 10 July 2022 despite grocery inflation rising another 1.6%, according to the latest take-home grocery figures from Kantar. This is the first time the market has registered growth since April 2021. Supply chain issues have driven costs up across the…
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20 JulyEconomy
Inflation hits 40-year high at 9.4%
Inflation has hit a new 40-year high with consumer price inflation reaching 9.4% in June, up from 9.1% in May, as the cost of living crisis continues to accelerate, putting a further strain on household spending. According to the Office for National Statistics, the biggest contributors to the latest figure…
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19 JulyEconomy
90% of consumers intend to cut back spending, Grant Thornton finds
New research from Grant Thornton and Retail Economics has revealed that almost 90% of UK consumers intend to cut back their spending on non-essentials over the year ahead. Of those planning to cut back, the research also showed that more than a quarter (28%) intend to do so across all…
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