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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Sep- 2021 -21 SeptemberSupermarkets
Convenience stores see sales outperform UK supermarkets
Grocery spend at UK convenience stores increased by +3.3% in the last four weeks ending 11 September 2021 – outperforming UK supermarkets, which rose by +0.6% during the same period, according to data released by NielsenIQ. NielsenIQ explained the shift toward the convenience channel is a result of a “gradual…
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15 SeptemberEconomy
Inflation sees biggest jump on record in August
UK inflation saw its largest jump since records began in August, as the rate spiked to 3.2% in a 12 month period, up from 2% year-on-year in July. Despite the rate soaring past the Government’s 2% inflation target, the Office for National Statistics’ (ONS) claimed that this “is likely to…
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13 SeptemberClothing & Shoes
Primark Q4 operating profits to beat expectations despite sales fall
Associated British Foods (AB Foods) has announced that Primark will beat its Q4 FY21 adjusted operating profit expectations, as the group’s H2 retail sales are set to hit £3.4bn. In a trading update, the group claimed that while Primark’s sales for the year ended 18 September were “lower than expected”,…
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9 SeptemberSupermarkets
Morrisons warns of ‘industry-wide’ inflation as profits drop 37.1%
Morrisons has forecasted “industry-wide” price increases across the retail sector during the second half of FY22, as HGV driver issues continue to cause supply chain disruptions. The supermarket chain attributed the expected hike in prices to recent commodity price increases and freight inflation, as well as the ongoing driver shortages.…
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8 SeptemberSport & Leisure
Supply chain disruption hits Halfords’ bike sales
Halfords has announced that global supply chain disruptions have hit its cycling business in recent weeks, despite cycling sales rising 9.9% in the 20-week period ended 20 August 2021. The group experienced “considerable capacity constraints” in light of ongoing disruptions, leading to low availability of bikes throughout the period. Availability…
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Aug- 2021 -20 AugustSupermarkets
M&S ups full-year guidance as revenues rise 10%
Marks and Spencer has seen an upturn in its profit outlook during the 19 weeks up to 14 August, and now predicts an adjusted profit before tax for the year to be above the upper end of previous guidance of £300-350m. The retailer said it comes as food revenues increased…
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18 AugustEconomy
Inflation slows to 2% in July
Inflation slowed to 2% in July down from 2.5% the previous month, according to the latest figures from the Office of National Statistics (ONS). It found that clothing and footwear, and a variety of recreational goods and services made the largest downward contributions to the change, with inflation now hitting…
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10 AugustHigh Street
July sales increase 6.4% but remain below yearly average
On a total basis, sales increased by 6.4% in July, against a growth of 3.2% in July 2020, according to the latest British Retail Consortium (BRC)-KPMG retail sales monitor. Despite the rise in sales, however, the monitor found that this was below the three-month average growth of 14.7% and the…
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4 AugustComment
Why the coming economic boom will be bigger than we think
The world has been turned upside down in the past 18 months, making predictions a tougher game than ever. Economists are used to using metrics like inflation, consumer spending or job markets to predict what would happen. In this new world of Covid, furlough and post-Brexit trade, traditional measures are…
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Jul- 2021 -23 JulyHigh Street
Consumer confidence surpasses pre-pandemic levels
Consumer confidence increased to -7 this month, according to GfK’s Consumer Confidence Index, which is ahead of pre-pandemic levels previously reported. The index measuring changes in personal finances over the last year was -1, an increase of three points against July 2020, while the forecast for personal finances over the…
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