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- 2021 -19 NovemberDIY
Kingfisher profits to reach top end of forecast after strong Q3
Kingfisher believes its full-year profit will be at the top end of guidance after welcoming a strong sales performance in its third quarter of trading, with positive results seen across both its retail and trade channels on a two-year basis. Two-year LFL sales were up by 15% in the period,…
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11 NovemberEconomy
UK recovery slows to 1.3% in Q3
UK economic growth slowed to 1.3% in Q3, down from 5.5% in the second quarter of the year. According to the latest figures from the Office of National Statistics (ONS), the level of quarterly GDP is now 2.1% below where it was before the coronavirus pandemic at Quarter 4 (Oct…
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9 NovemberSupermarkets
Grocery sales fall 1.9% as shopper habits stabilise
Take home grocery sales fell by 1.9% over the 12 weeks to 31 October 2021- but are still higher than before the pandemic – up 7.3% compared with 2019, according to the latest figures from Kantar. Kantar said the results come as consumers’ shopping behaviour “is beginning to stabilise” and…
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9 NovemberClothing & Shoes
Primark plans global expansion despite sales slump
Primark has seen like-for-like sales fall by 12% in its latest full-year results, as ongoing store closures and trading restrictions “inevitably” led to a “significant” loss of sales and profit in the period. While its parent group, Associated British Foods (ABF), said there was “no doubt” that Primark was “seen…
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9 NovemberHigh Street
October consumer spending up 14.2%, Barclaycard reveals
Consumer card spending grew by 14.2% in October, compared with the same period in 2019, according to the latest data by Barclaycard. The growth was boosted by spending on non-essential items which rose by 14.6%, including a 127.1% jump in online takeaway spend, as the colder weather led more Brits…
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Oct- 2021 -28 OctoberDIY
Travis Perkins hikes profit guidance amid ‘robust’ trading
Travis Perkins has upgraded its expected profit for its full-year results following a period of “robust” trading in recent months. The group now expects to report a profit of “at least” £340m, including around £40m in property profits. It comes as the group welcomed positive trading momentum with a like-for-like…
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27 OctoberGovernment
Chancellor unveils 50% rates discount for Retail, Hospitality and Leisure
Chancellor Rishi Sunak has unveiled a 50% discount on business rates for the hospitality, retail and leisure sectors (up to £110,000), equating to a business tax cut worth £1.7bn, the biggest single-year rates cut for firms in over 30 years. Unveiling his latest Budget in the Commons today (27 October),…
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27 OctoberDIY
Wickes sees Q3 sales slow amid DIY hiatus
Wickes has revealed its total like-for-like sales fell 1.6% in the 13-week period ending 25 September 2021 as the peak DIY period begins to mellow. Despite core like-for-like sales declining by 2.3% year-on-year, the retailer said it was still supported by a “strong” performance in local trade. However, on a…
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22 OctoberEconomy
Consumer confidence drops for third straight month
Consumer confidence has dropped for the third straight month in October, down four points to -17, according to the latest GfK Consumer Confidence Index. The long-running index found that all measures were down in comparison to September. It comes as the index measuring changes in personal finances over the last…
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20 OctoberEconomy
UK Inflation falls to 3.1% despite rising fuel costs
UK inflation fell slightly in September to 3.1% despite rising fuel costs, according to the latest figures from the Office of National Statistics (ONS). The figure is down from 3.2% in August but still remains much higher than the Bank of England’s target of 2%. The largest upward contribution to…
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