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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Jun- 2019 -19 JuneHigh Street
Over 75% of retail workers haven’t had a pay rise in the last year
New research conducted by independent job board CV-Library, revealed 78% of retail workers haven’t had a formal pay review meeting in the past year. This has resulted in just 15% of workers in the industry receiving a pay rise over the last 12 months, despite not being offered an annual…
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May- 2019 -31 MayEconomy
Consumer confidence increases in May
Consumer confidence rose by 3 overall to -10 for the month of May, according to GFK’s Consumer Confidence Index. Four measures increased and one stayed the same. Forecasts for the general economic situation over the next 12 months have increased five points to -29; but is still eight points lower…
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30 MayEconomy
Shop price inflation pushed up by non-food price rises
Shop price inflation increased by 0.8% year-on-year in May, with non-food inflation also increasing by 0.2%, according to the latest figures from the BRC and Nielsen. The BRC said the growth in May was the second highest inflation rate seen in the last six years, though it remains “well below”…
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21 MayDIY
Halfords sees FY profits drop 17.9%
Halfords has reported a 17.9% drop in annual profits and has warned that “fragile” consumer confidence means it expects a flat outcome in its new financial year. The car parts and bicycle retailer announced its preliminary results for the 52 weeks ended 29 March 2019 that profit before tax was…
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Apr- 2019 -29 AprilHigh Street
Arcadia secures help from HSBC
Arcadia, which is owned by Phillip Green, has secured help from HSBC in order to reassure suppliers as the retailer seeks out a rescue deal. According to a report by The Times, HSBC agreed to stand behind Arcadia’s debts to suppliers, which have asked for advance payments since credit insurers…
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18 AprilEconomy
UK retail sector bounces back in March
In the three months to March 2019, the quantity bought in retail sales increased by 1.6% compared with the previous quarter in 2018, according to new figures from the ONS. The sales increase has been attributed to “sustained growth” throughout the first three months of the year, and all store…
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8 AprilClothing & Shoes
Philip Green proposes to halve Arcadia pension payments
Sir Philip Green is seeking to halve the annual contributions to the Arcadia Group’s pension scheme as part of its restructuring plan. According to Sky News, Green wishes to cut the annual pension fund from £50m to £25m and made the proposal during discussions between Arcadia’s advisers, its pension trustees…
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3 AprilEconomy
Shop price inflation hits highest level in six years
Shop price inflation accelerated in March to 0.9%, up from 0.7% in February, the highest inflation rate since March 2013. The figures from the British Retail Consortium (BRC) and Nielsen’s Shop Price Index also revealed that food inflation had increased by 2.5% in March, up from 1.6% in February. This…
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Mar- 2019 -29 MarchEconomy
March consumer confidence ‘holds steady’
Market research company GfK’s long-running Consumer Confidence Index has showed that confidence among consumers in the UK stayed at the same level of -13 in March. Personal finances during the last 12 months has stayed the same this month at 0; three points lower than March 2018. The forecast for…
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21 MarchGovernment
Retailers left waiting for rates discounts as deadline approaches
Businesses in England were promised millions of pounds in support by the chancellor last October but, less than two weeks before the start of the new tax year on 1 April, many are still either waiting for discounts worth up to £8,000 or haven’t yet applied. The government announced a…
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