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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Oct- 2021 -19 OctoberSupermarkets
Rising energy and fuel costs hits supermarket sales
Total Till grocery sales slowed to -0.7% in the last four weeks ending 9 October 2021, as UK shoppers begin to rebalance their spending habits amid growing concerns around rising energy and fuel costs, according to new data released by NielsenIQ. During the period, UK shoppers spent £11.8bn on groceries,…
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15 OctoberHigh Street
September online retail sales drop by 12.5% YOY, data warns
Online retail sales fell back 12.5% year-on-year in September, according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. The drop was driven by poor sales in the first week of the month which typically would have fared better through the…
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14 OctoberEconomy
Mid-market retailers set to continue investments, RSM say
The shift in focus to online in the mid-market retail sector is set to continue, with the majority of retailers looking to enhance their online offering, with 83% and 78% looking to increase the volume and range respectively, according to new research from RSM. The accountancy firm said the research…
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12 OctoberHigh Street
Retailers plan increased store space despite business rates challenge
Mid-market retailers are set to invest in more physical stores over the next two years in a bid to increase their store space and focus on the in-store customer experience, new research from RSM has found. Its latest survey revealed that 58% of physical retailers plan to increase their retail…
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11 OctoberCoronavirus
Consumer confidence hits lowest level this year
Consumer confidence has returned to pre-pandemic levels, but still hit its lowest point in 2021 following “record” highs earlier this year, according to PwC’s latest consumer confidence index. While inflation, ongoing concern over supply chains and empty shelves caused a slight decline in optimism, consumer confidence was +3 on the…
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5 OctoberHigh Street
Greggs lifts guidance despite supply chain disruptions
Greggs has welcomed a resilient performance in its third quarter of trading, with like-for-like sales up by 3.5% against 2019, despite ongoing supply chain issues and staff shortages. Growth was particularly strong in August when the ‘staycation’ effect was evident, and remained in positive territory in September, with two-year like-for-like…
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Sep- 2021 -30 SeptemberClothing & Shoes
Boohoo profits dented in H1 despite ‘record’ sales
Boohoo has welcomed “record” first-half sales of £976m in the six months ending 31 August 2021. Despite this, profitability was slightly dented with adjusted EBITDA down by 5% to £85.1m. The group claimed that profitability was impacted by a number of “cost headwinds” driven by short-term factors largely relating to…
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29 SeptemberDepartment Stores
Next raises guidance but warns of staff shortages
Next has raised its full-year guidance following a strong performance in its half-year results, and now expects its profit-before-tax to be £800m, up 6.9% against 2019, £36m ahead of its previous guidance of £764m. The group also anticipates its full price sales guidance for the rest of the year to…
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24 SeptemberEconomy
Consumer confidence falls amid ongoing supply chain issues
UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices, according to new research by GfK. GfK’s Consumer Confidence Index decreased by five points to 13 in September, with all measures down in comparison to August’s announcement. The data showed…
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23 SeptemberSupermarkets
Supermarkets warn of panic-buying amid ongoing labour crisis
Leading UK supermarkets are reportedly concerned about a surge in panic-buying during the run-up to Christmas, as supermarkets continue to face an “array” of pressures including the ongoing HGV driver shortage. The boss of Iceland has today warned customers against panic-buying over the period, as managing director Richard Walker told…
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