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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Feb- 2018 -12 FebruaryHigh Street
Retail footfall takes a hit with Scotland showing sharpest decline
Footfall in January decreased by 1.6% year-on-year, showing a deeper decrease than the rate seen for January 2017, according to new figures. New British Retail Consortium (BRC) data showed a drop in footfall across all UK regions, with the sharpest decline being seen in Scotland (4.6 %). Despite footfall falling…
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6 FebruaryEconomy
Consumer spending grows 3.9% in January
Consumer spending increased 3.9% in January, partially driven by price increases that continued to drive uplifts in ‘essential’ spending. That is according to data from Barclaycard, which processes nearly half of the nation’s credit and debit card transactions. Spending growth on day-to-day necessities surpassed 4% for the first time in…
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Jan- 2018 -26 JanuaryHigh Street
Retail sales growth weakens post-Christmas
Retail sales grew slower pace during January when compared with the past four years, according to the latest monthly CBI Distributive Trades Survey. The survey also showed that, in the year to January, orders placed on suppliers fell, also against expectations of growth. Looking ahead to the next month, retailers…
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23 JanuaryOnline & Digital
Online retail shows signs of maturing with tough 2018 ahead, says IMRG
The rate of retail sales growth is pointing to a ‘maturing market’, figures from the IMRG Capgemini e-Retail Sales Index suggest. UK online retail sales were up 12.1% on average year-on-year (YoY) in 2017, which was lower than the IMRG’s forecast of 14%. This figures also falls short of 2016’s…
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18 JanuaryHigh Street
Costa predicts tough year ahead
Whitbread, the group which owns Costa and Premier Inn, has reported that a “tough UK high street environment and inflation” is expected to pose challenges for the sector over the coming year. Despite Costa sales growing by 7.2% – partly due to new store openings and Costa Express expansion –…
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17 JanuaryEconomy
Inflation drops for the first time in 6 months
The inflation rate saw a slight dip in December, falling to 3%, according to figures released by the Office of National Statistics (ONS). The level of inflation, according to Consumer Price Index (CPI), was less than November’s rate of 3.1%, which was at its highest for six years. The high…
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9 JanuaryEconomy
UK retail sales show marginal growth over Christmas
UK retail sales showed less growth over Christmas than they did last year, according to figures from the British Retail Consortium (BRC). Retail sales increased by 0.6% on a like-for-like basis from December 2016, which was a decline compared to an increase of 1.0% from the preceding year. Over the…
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5 JanuaryEconomy
Christmas discounts push shop price deflation to 9-month high
Shop prices in December fell at their fastest rate for nine months, having previously been “teetering on the edge of inflation,” according to new figures. The latest British Retail Consortium (BRC) and Nielsen Shop Price Index showed overall shop prices dropped 0.6% cent in December compared with the same month…
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3 JanuaryNews
Next boosts profit forecast by £7m after stronger Christmas sales
Clothing retailer Next has raised its full year profit forecast by £7m after delivering a stronger than expected Christmas sales period. The period yielded a 1.5% increase in full-price sales from November 1 to December 24, attributed to strong online sales for winter clothing as customers prepared for the cold…
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Nov- 2017 -20 NovemberNews
Christmas spending set to rise, says Accenture
Despite concerns around Brexit, spending on Christmas purchases is likely to increase in the UK this year, with more than a third (37%) of consumers planning to spend more than they did last year, according to the latest Accenture Holiday Shopping Survey. Now in its fourth year, the survey examined the buying…
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