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- 2019 -30 OctoberEconomy
Shop prices decrease again in October
Shop price deflation decelerated to 0.4% in October from -0.6% in September, according to new figures from the British Retail Consortium (BRC). The results are below the 12- and six-month average price changes of 0.2% and -0.2%, respectively. Additionally, non-Food deflation decelerated to 1.5% in October, from -1.7% in September,…
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16 OctoberEconomy
Retail sector could face £137m rates hike next year
September’s headline rate of inflation is set to cause more business rates increases in 2020, according to calculations from real estate advisers Altus Group. The firm said the 1.7% uprating for inflation will add an additional £536m to the overall gross business rates burden. As a result, the “embattled” retail…
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15 OctoberEconomy
Grocery sales slow to lowest September growth in two years
Shopping momentum has fallen in September, with grocery sales slowing to +1.7% in the last four weeks. According to new data released by market research data company, Nielsen, this is the lowest growth for UK supermarkets in September in two years. Before the autumnal weather took hold in early October,…
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2 OctoberHigh Street
Shop prices fall by 0.6%, fastest rate since May 2018
Shop prices in September have fallen at the fastest since May 2018, according to the latest figures from the BRC-Nielsen Shop Price Index. The index found September shop prices fell by 0.6% compared with a 0.4% decrease in August. This is the highest rate of decline since May 2018. Non-Food…
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Sep- 2019 -19 SeptemberEconomy
Retail sales see ‘modest’ growth in August
Retail sales grew by a “modest” 2.9% in August compared with the same month last year, according to the Office for National Statistics (ONS). The year-on-year growth rate shows that the quantity bought in August 2019 increased by 2.7%, which the ONS said is a “slowdown” compared with the stronger…
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17 SeptemberSupermarkets
Asda FY sales and profits rise despite merger disappointment
Asda has reported an increase in both full-year sales and profits during the period it was the focus of an unsuccessful merger with rival Sainsbury’s. The accounts for Asda Group Limited, filed on Companies House, which includes the financial activities of all Asda stores, distribution centres and online operations show…
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12 SeptemberDepartment Stores
John Lewis warns of no-deal Brexit amid £26m loss
John Lewis Partnership has reported a loss of £25.9m for the first half of the year, warning that a no-deal Brexit may lead to “significant” impact it may not be able to mitigate. For the half-year period ending 27 July 2019, the department store chain revealed that revenues slipped by…
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2 SeptemberGovernment
Retail business rates could rise by £169m over the next 12 months
Retailers could see a £169m increase in business rates next year, prompting renewed calls for the government to overhaul the system. Calculations by real estate advisors Altus Group found gross business rates bills (including non-retail) for the financial year 2020/21 would increase by £662.15m in England, if the headline rate…
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Aug- 2019 -28 AugustHigh Street
Shop prices down amid ‘weak consumer spending’ and ‘stiff competition’
August Shop Prices fell by 0.4% compared to a 0.1% decrease in July attributed to “weak consumer spending” and “stiff competition, according to latest BRC-Nielsen Shop Price Index. This is below the 12 and six-month average price increases, both of 0.3%, and is the fastest rate of decline since June…
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Jul- 2019 -31 JulyEconomy
Consumer confidence increases by two points in July
Consumer confidence rose by 2 overall to -11 for the month of July, according to GFK’s Consumer Confidence Index. Personal finance situation for the next 12 months continues to recover, +5 for the month, matching the same period last year. The major purchase index increased six points in July to…
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