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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May- 2022 -30 MaySupermarkets
Sainsbury’s to invest £500m to help with cost of living crisis
Sainsbury’s price investment is set to top £500m in a bid to help customers amid the ongoing cost of living crisis. It comes as the group said it was aware of rising pressures on household budgets, adding it was determined to “offer low prices and deliver the best possible value…
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27 MayClothing & Shoes
Ted Baker losses narrow as sales boosted by return of social events
Ted Baker has seen its losses narrow to £44.1m for the 52 weeks ended 29 January 2022, up from a loss of £107.7m the previous year. The improved performance comes as group revenues increased 20% to £428.2m, up from £355.3m, as the retailer said sales were “supported by a steady…
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26 MayDIY
Wickes sales dip despite ‘record’ order books
Wickes has revealed that like-for-like sales for the first 20 weeks of the year were down 0.6% against the prior year, with year-to-date trading in line with expectations against “strong” prior year comparatives. Core like-for-like sales were down by 7.2%, though delivered DIFM sales were up by 30.9% over the…
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20 MayEconomy
Consumer confidence drops to lowest level since 1974
UK consumer confidence has fallen to its lowest level since records began in 1974, according to the latest figures from GfK’s long-running Consumer Confidence Index. For the month of May, the index decreased by a further two points to -40 as four of the five measures that make up the…
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18 MaySupermarkets
M&S chairman slams post-brexit rules for Northern Ireland
The chairman of Marks and Spencer, Archie Norman, has backed government plans to override parts of the Northern Ireland protocol, after condemning the bureaucracy involved with transporting goods across the Irish border. Speaking to BBC Radio 4, Norman said: “At the moment, wagons arriving in the Republic of Ireland have…
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18 MayEconomy
Inflation hits 40-year high
UK inflation has hit its highest level in 40 years during the month of April, driven by the rising cost of energy bills. The figure, according to the latest figures from the Office of National Statistics (ONS), was up from 7% in March. The ONS said that around 75% of…
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18 MayClothing & Shoes
Burberry lowers FY23 forecast despite record revenues
Burberry has lowered its FY23 forecast as it expects a currency tailwind of £159m on revenues and £92m on adjusted operating profit, despite hailing record revenues in FY22. The group announced revenues surged 21% year-on-year from £2.34bn to £2.82bn for the 53 weeks ending 2 April 2022, against a backdrop…
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12 MayClothing & Shoes
Hotter Shoes boosts Unbound Group’s Q1
The Unbound Group, which owns a stable of brands aimed at the 55+ demographic, has hailed a strong performance from its footwear brand Hotter Shoes for its Q1 period ending 4 February. The retail group said Hotter delivered a double-digit increase in revenue against the comparator period last year as…
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12 MayClothing & Shoes
Superdry revenues bounce back as physical trading returns
Superdry has announced its FY22 revenues surged 59.8% year-on-year to £224.5m as Covid-related store closures and restrictions were lifted in the company’s key markets. However, this is down 21.8% compared to pre-Covid levels as footfall still remains “significantly” below pre-Covid levels. Overall, group revenue increased 8% to £600m, although this…
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11 MayEconomy
Rising cost of living dents April retail sales
Retail sales decreased by 0.3% in April compared with the year prior, marking the first decline in 15 months as the rising cost of living starts to affect shoppers’ spending habits. According to the latest data from the British Retail Consortium (BRC) and KPMG’s retail sales monitor covering the four…
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