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- 2018 -31 OctoberHigh Street
‘Brexit anxieties’ lead to decrease in consumer confidence in October
Growth from Knowledge’s (GfK) long-running consumer confidence index decreased by one point to -10 in October 2018, amid consumer anxieties over Brexit. The market research institute said the lack of confidence from shoppers will “concern retailers” in the run-up to Black Friday, Cyber Monday and the key Christmas trading period,…
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18 OctoberEconomy
Retail sector ‘to face £186.45m business rates increase next April’
Retail firms will see business rates increase by £186.45 next April for the year 2019/20, according to real estate advisor Altus Group. September’s Consumer Prices Index (CPI) measure of inflation, announced on 17 October at 2.4% will determine business rate rises in England for the next year. It is its…
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3 OctoberEconomy
Shop prices rise for second month in row
Shop prices increased for two consecutive months – the first consecutive growth in five years – according to the latest British Retail Consortium and Nielsen Shop Price Index. Inflation increased by 0.2% from the previous month with food being the main driver for the hike in prices. Food showed a…
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1 OctoberGovernment
New West End Company calls for £5bn business rate reduction
The New West End Company, which represents retailers in London’s West End has called for a £5bn reduction in business rates, financed by a 1% tax on online retailers. This week’s Conservative Party conference has seen representatives of the organisation lobbying for the reduction. Businesses across the West End will…
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Sep- 2018 -14 SeptemberDepartment Stores
John Lewis Oxford Street flagship sees business rates rise 57% in a year
John Lewis’ flagship on Oxford Street, London is expected to see its business rates tax rise from £12.68m to £19.91m up 57% compared with last year’s revaluation. According to real estate advisor, Altus Group, the Oxford Street store alone will pay £41.04m in business rates over the four years of…
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13 SeptemberHigh Street
John Lewis hit by 99% drop in H1 profits
The John Lewis Partnership has reported a 99% slump in its underlying profits to £1.2m in the first six months of the year, which the company described as “challenging times”. The significant drop in profits comes despite a 1.6% uptick in revenue to £5.4bn attributed to the increased online grocery…
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10 SeptemberHigh Street
August footfall down 1.6% despite some retail park growth
Retail footfall dropped by 1.6% in August despite seeing rare retail park growth in the East and South West of the UK. The figures are according to the British Retail Consortium (BRC) and Springboard’s footfall and vacancies monitor with August seeing a sharper decline than the 0.8% experienced in July,…
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7 SeptemberEconomy
August high street sales one of ‘worst on record’ as shoppers steer clear
August high street sales have been described as “one of the worst on record” by accountancy and business advisory firm BDO. According to the firm’s High Street Sales Tracker (HSST) for August, UK high street sales declined 2.7% year-on-year – making it the worst August decline for three years. BDO…
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6 SeptemberEconomy
Amazon will account for 5% of global retail, say analysts
Analysts have said they expect Amazon to account for 5% of the global retail market in the near future. The online retailer currently has a market capitalisation of 1.5% however it is nearing a $1bn valuation. Amazon’s importance in the global retail market has led to the Office for National…
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4 SeptemberClothing & Shoes
M&Co reports rocketing online sales
M&Co has reported a rapid rise in its online sales of 18.3% in the year to February which contributed to an overall sales rise of 5.4% up to £211.4m. The group saw pre-tax profit grow by £320,000 to over £3.6m, while like-for-like sales grew by 2.4% across the same period.…
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