Economy – Page 11
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NewsCity snapshot: July retail sales rebound despite wet weather
July saw small increase in sales, according to data from accountancy firm BDO, but slowed in the second half of the month by wet weather
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NewsCity snapshot: Warm weather boosts June retail sales
The hottest June on record boosted UK retail sales last month, according to the BRC-KPMG Retail sales monitor, though sales growth continues to significantly lag inflation
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NewsCity snapshot: Warm weather boosts grocery sales volumes in June
A June heatwave helped improve grocery volumes and saw sales edge upwards, according to new data from NIQ
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NewsGrocery price inflation eases to its lowest level since 2022
Like-for-like grocery price inflation has dropped to its lowest level since 2022 and now sits at 16.5%, according to the latest market share data from Kantar
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Comment & OpinionFood price caps should be resisted by ministers at all costs
The lessons of failed market interventions in the 1960s and 1970s are clear, says Ian Wright, co-chair of the Food & Drink Export Council
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NewsCity snapshot: UK retail sales fall for the first time in three years
Like-for-like UK retail sales fell back in May to end a 26-month run of positive growth, according to figures from BDO
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Comment & OpinionHow the north-south divide is playing out in cost of living crisis
Real household inflation is not equal across the UK when weighted for the proportion of household spend, says Steph Cullen, head of UK CPG at Circana
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NewsCity snapshot: UK retail sales bounce back in April
UK retail sales volumes have bounced back to growth of 0.5% in April, following a fall of 1.2%
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NewsCity snapshot: Grocery price inflation continues to ease
Grocery price inflation has edged back down for the second consecutive month, according to the latest market share data from Kantar
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NewsCity snapshot: UK retail sales growth stagnates amid weak clothing performance
UK retail sales growth remained flat in April as sales volumes stayed well below inflation and consumer demand showed signs of weakening
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NewsCity snapshot: Food inflation hits new high but pricing predicted to ease
Food inflation reached another record high in April but the rate of price inflation may have peaked
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NewsCity snapshot: UK vacancy rate stabilises amid retailer caution
The UK retail vacancy rate ended five quarters of post-Covid improvement in the first three months of 2023, remaining at 13.8% amid widespread caution in the retail sector.
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Comment & OpinionThe CPTPP opens a new door for building British brands overseas
Easing the administrative and commercial trade barriers with CPTPP countries will allow talented and passionate UK producers to tell their story on a worldwide scale, says Cath White, head of international at Belvoir Farm
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NewsCity snapshot: UK retail sales fall in March as shoppers cut back
UK retail sales volumes fell back in March as soaring inflation, food availability and wet weather hit shopping activity
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Comment & OpinionThe food industry can’t sit back and be villainised for rising food prices
Commentators sympathetic to the government are surmising someone must be taking advantage of our national economic difficulties to make an unrequited profit, says Ian Wright, co-chair of the Food & Drink Export Council
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NewsMedia Bites 12 April: Sainsbury’s/Nectar, Black Sheep Brewery, UK economy
Sainsbury’s has begun offering lower prices on more than 300 items to members of its Nectar loyalty card scheme in a move that will rival Tesco’s Clubcard scheme
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NewsCity snapshot: Mother’s Day boosts retail sales, but growth lags inflation
Mother’s Day boosted UK retail sales growth in March, but wet weather and consumers cutting back meant overall growth lagged well behind inflation
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NewsCity snapshot: Grocery price inflation hits new high of 17.5%
Grocery price inflation reached a new high of 17.5% over the four weeks to 19 March, costing households an additional £837 on their annual supermarket bills. Plus, Diageo names new CEO, Ocado Retail sales edge up in first quarter, AG Barr posts strong annual growth amid margin compression and all the rest of the latest news from the City
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NewsCity snapshot: Retail sales return to pre-Covid levels as consumer confidence edges up
Retail sales have jumped by more than expected in February despite the inflationary challenges facing consumers, according to new data published this morning. Plus, consumer confidence also rises in March
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Comment & OpinionBudget: businesses like ours need childcare support and green incentives now
There were two incredibly important announcements in the budget, but they don’t go far enough to encourage growth, says Jamie Keeble, co-founder of Heck