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- 2021 -9 JulyHigh Street
June sees LFL retail sales rise by 52.1%
Total like-for-like (LFL) retail sales increased by 52.1% in June, according to the latest BDO’s High Street Sales Tracker. The tracker also revealed that retail sales jumped 41.7% in the third week of June from a “poor base” of 7.07% for the same week last year when non-essential retailers began…
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Jun- 2021 -28 JuneHigh Street
Greggs sales ‘stronger than anticipated’ post-lockdown
Greggs has revealed that the level of sustained sales recovery is “stronger than anticipated” since its previous trading update, adding that if it were to continue, its performance would have a positive impact on its full-year results. In recent weeks, while the impact of pent-up demand for retail has reduced,…
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25 JuneCoronavirus
Consumer confidence remains stable despite restrictions delay
Consumer confidence remained stable at -9 in June despite the government’s recent announcement to delay the easing of Covid-19 restrictions, according to GfK’s long-running Consumer Confidence Index. The index revealed that although four measures were up in comparison to the 21 May announcement, one measure was down. The index measuring…
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24 JuneNews
Poundland owner revenues up 9% in H1
Pepco Group, the owner of Poundland, has welcomed a “positive trading performance” in its H1 results, reporting total revenue growth of 9%. Its trading stores saw a like-for-like growth of 5%, which was consistent with the past three years’ performance pre-pandemic. Group like-for-like sales fell by 2.1%, however, reflecting the…
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16 JuneEconomy
UK inflation hits 2.1% as clothing prices rise
Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from the Office for National Statistics (ONS). This increase has been fuelled by an increase in consumer spending as the British public comes out of lockdown. Meanwhile, clothing prices jumped by…
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8 JuneSupermarkets
Tesco reveals new pay deal increasing hourly rate by 2.7%
Tesco has announced a new pay deal for hourly-paid store and customer fulfilment centre (CFC) colleagues which will see their hourly rates increase 2.7% from £9.30 to £9.55 from 5 September 2021. The one-year pay deal has been developed in partnership with the stores elected Usdaw colleague representatives and Usdaw…
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May- 2021 -19 MayEconomy
UK inflation rate doubles for April
The UK’s annual inflation rate has more than doubled in April 2021, according to recent figures from the Office for National Statistics (ONS). This represents a rise of 1.5% for the month from 0.7% in March, with an increase in energy and clothing costs driving prices higher. Furthermore, this has…
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10 MayHigh Street
Greggs sales recover to near pre-pandemic levels
Greggs saw its two-year like-for-like (LFL) sales close the gap to just a 3.9% decline for the eight weeks to 8 May. It follows a 13.5% fall in LFL sales for the 18 weeks to 8 May when compared to FY19, as the group also showed signs of recovery following…
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Apr- 2021 -30 AprilHealth & Beauty
Unilever Q1 sales rise 5.7%
Unilever has announced that its underlying sales growth (USG) represented a 5.7% year-on-year rise for the first quarter of FY21. However, turnover for the first quarter of FY21 was £10.7bn, a 0.9% year-on-year decrease due to a negative currency related impact of 8%. The spike in sales was underpinned by…
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23 AprilEconomy
Consumer confidence edges up alongside reopening
GfK’s consumer confidence UK Consumer Confidence Index increased one point to -15 in April as the retail sector reopened. Two measures were up in comparison to the March 19 announcement, one was flat and two measures were one point down. GfK found that the index measuring changes in personal finances…
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