Economy – Page 17
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NewsCity snapshot: Grocery sales fall as shoppers stay away from stores
Grocery sales fell by 1.9% in the three months to the end of October as consumer shopping behaviour stabilises post pandemic. Plus food sales mitigate Primark sales drop at ABF, CCEP sees strong GB recovery and all the rest of the latest news from the City.
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Analysis & FeaturesBudget 2021: food and drink industry has its say
Reactions from industry to Chancellor Rishi Sunak’s Budget announcements have been largely positive, praising the relief action taken to ease pressure on businesses after nearly two years of pandemic-related squeezes
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Comment & OpinionWhat we learned in the Autumn Budget 2021: from business rates to alcohol duty reforms
Business rates will be cut but not overhauled, while alcohol duty is in for a more radical reform
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NewsFood prices climb higher as soaring costs slams industry
Food inflation has ramped up to its highest level since November 2020 as spiralling costs led to higher prices on supermarket shelves, with fresh food becoming more expensive for the first time in ten months.
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NewsCity snapshot: Grocery growth falls back as consumers tighten belts amid wider inflation
Grocery sales fell 0.7% in the four weeks to 9 October as UK consumers rebalanced spending priorities amid rising energy and fuel costs, according to Nielsen. Plus, McBride issues further profits warning on mounting costs.
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NewsGrocery sales drop as fuel crisis leads to fewer store visits
Take-home grocery sales fell by 1.2% over the 12 weeks to 3 October 2021, according to the latest figures from Kantar as the petrol crisis limited instore shopper numbers
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NewsCity snapshot: UK retail sales falter as fuel crisis hits confidence
UK retail sales rose by their slowest rate since the UK was in lockdown in January as fuel shortages and wet weather hit consumer purchasing
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NewsHundreds of jobs at risk as 2 Sisters explores Uttoxeter biscuit factory closure
2 Sisters Food Group is exploring the closure of its own-label biscuit factory in the Midlands as cost pressures facing the food industry intensify putting more than 500 jobs at risk.
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NewsInflation hits food industry as rising costs and supply chain pressures bite
Food prices have jumped up for the first time in six months as the barrage of cost pressures and supply chain challenges started to filter through to consumers.
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NewsCity Snapshot: Consumer confidence hit by escalating inflation worries
Consumer confidence was dented in September on the back of growing anxiety about a potential cost of living crisis as gas prices shot up and food inflation looked set to kick in. Plus, Mexican fast-food chain Tortilla unveils plans for a flotation on London’s junior AIM market.
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NewsCity snapshot: Retail sales continue to slide in August
Retail sales were down once more in August as the return of the hospitality industry hit food sales
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NewsCity snapshot: Retail sales growth begins to slow in August
Year on year sales growth fell back in August as pent-up post-lockdown demand softened, according to the monthly BRC-KPMG Retail Sales Monitor. Plus interim results from McBride and Parsley Box.
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NewsCity snapshot: Great Britain loses 8,700 shops in the first half of 2021
More than 8,700 stores disappeared from Great Britain’s high streets in the first six months of 2021 as the level of retail vacancies reached an all time high.
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NewsCity snapshot: Retail footfall still down on pre-pandemic levels despite August bounce
UK retail footfall remains significantly down in pre-pandemic levels despite the relaxation of government Covid restrictions, albeit August saw some tentative signs of recovery.
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NewsUK food and drink exports to the EU slump by £2bn
The Food and Drink Federation found overall industry exports were down 4.5% to £9.2bn in the first six months of the year
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NewsFood price hikes ‘likely’ in coming months: BRC
Rising costs continue to hammer suppliers and retailers, according to the latest industry data
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NewsGrocery sales fall as pre-pandemic shopping behaviour returns
With the end of social distancing restrictions people have been happier to head into stores to make more regular, smaller shops, according to Kantar
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NewsCity snapshot: Retail sales growth slows as pubs and restaurants reopen
Retail sales continued to grow in July as Covid restrictions eased, but the pace of growth slowed as the reopening of pubs and restaurants dampened spending in shops. Plus, HelloFresh ups sales guidance, but reduces profits expectations and all the rest of the latest news from the City.
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NewsCity snapshot: July grocery sales rebound thanks to summer sport and warm weather
Grocery sales improved in the four weeks to July 17 as trading was boosted by better weather and the summer sports events, according to the latest figures from NielsenIQ. Plus, Reckitt’s profits plunge as costs add up, Greencore’s food to go rebounds and all the latest news from the City.
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NewsCity snapshot: Retail sales surge in June to create fastest quarterly growth on record
Retail sales strongly rebounded in June as shoppers returned to stores and grocery sales remained robust despite the reopening of pubs and restaurants