Interest Rates
This coverage explores UK interest rate movements and their impact on the retail industry, focusing on monetary policy decisions, borrowing costs, consumer spending, and retailer financing strategies. Reporting highlights how rate changes affect sales dynamics, investment planning, and operational budgets — providing insight for executives, finance leads, and business strategists navigating economic volatility.
-
Dec- 2023 -15 DecemberHigh Street
Currys boss criticises gov’s minimum wage plans
Currys CEO Alex Baldock has accused the government of not caring about the retail industry after claiming its decision to raise the minimum wage would “load more costs onto an already overburdened sector”. It comes after chancellor Jeremy Hunt outlined plans to raise the legal minimum wage by 10% to…
Read More » -
Nov- 2023 -17 NovemberAdvice
A guide to offering financing options
Understand the benefits Familiarise yourself with the benefits of offering financing options, such as increased sales, higher average order values, improved customer loyalty, and a competitive edge in the market. Choose the right financing solutions Select financing options that align with your target audience and product offerings. Options may include…
Read More » -
13 NovemberNews
Two-thirds of retailers warn peak trading will be hit ahead of Christmas
Two-thirds of retailers say the ‘double whammy’ of spiralling interest rates and inflation will hit peak trading in the run-up to Christmas, according to a new Inventory Planner survey. More than four out of ten sellers (41%) are planning to buy less stock for festive shoppers because of the impact of 14…
Read More » -
13 NovemberClothing & Shoes
Theft to cost retailers £7.9bn in 2023, study finds
It has been forecast that retail theft will cost UK retailers £7.9bn this year, according to new research by Thruvision Group plc and Retail Economics. Thruvision, a provider of walk-through security technology, and Retail Economics stated that shoppers account for 60% of the value of the theft (£4.7bn) while employees,…
Read More » -
10 NovemberNews
Today’s news in brief-10/11/23
The Office for National Statistics (ONS) has reported that the UK GDP showed no growth in Q3 2023, in contrast to a 0.2% increase in the previous quarter. Year-on-year, GDP increased by 0.6% in Q3. The services sector saw a 0.1% fall, offset by a 0.1% increase in construction output…
Read More » -
10 NovemberEconomy
UK economy stagnates in Q3
UK GDP has shown no growth in July-September (Q3) compared with an increase of 0.2% in the previous quarter, according to the latest data from the Office for National Statistics (ONS). Compared with the same quarter a year ago, GDP is estimated to have increased by 0.6% in Q3 2023.…
Read More » -
Oct- 2023 -31 OctoberEconomy
Shop price inflation reaches lowest point since August 2022
Shop price annual inflation has dropped to 5.2% in October, down from 6.2% in September, reaching its lowest point since August 2022, according to data from the British Retail Consortium (BRC). As a result the BRC has called upon the chancellor not to burden businesses with “unnecessary new costs” to…
Read More » -
25 OctoberEconomy
One in three adults used BNPL services last year, Clearpay finds
Some 30% of British adults have used a Buy Now Pay Later (BNPL) service to make at least one payment over the last year as of August 2023, according to research by Clearpay. According to findings, BNPL was most popular among Millenials and Gen X, at 41% and 36% respectively. …
Read More » -
18 OctoberEconomy
Inflation remains at 6.7% despite fall in food prices
Inflation remained unchanged at 6.7% in September as a fall in food prices was offset by an increase in the price of fuel. According to the latest figures from the Office for National Statistics (ONS), food and non-alcoholic beverage prices fell by 0.1% between August and September 2023, compared with…
Read More » -
18 OctoberNews
Cake Box sales rise 6.2% in H1
Cake Box has reported that trading was in line with expectations in the first half of the year, with a 6.2% increase in LFL sales for the six months to 30 September, an improvement against the -1.6% reported for the same period the previous year. The cake retailer said that…
Read More »
