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Tesco Aisle

Tesco inflation falls but it's still running ahead of rivals Subscription

08 Jun 2018 | By Alec Mattinson

Tesco has recorded its lowest level of inflation for almost a year as the UK’s biggest supermarket looks to step back into line with the other major players.

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High street 'facing annihilation', Labour warns Subscription

07 Jun 2018 | By Ian Quinn

Shadow business secretary Rebecca Long-Bailey accused the government of dragging its feet over a review of business rates

andy burnham and dave lewis

Tesco contributes £37bn to wider UK economy, finds report Subscription

05 Jun 2018 | By Ian Quinn

KPMG estimated that Tesco indirectly supported the equivalent of nearly 450,000 jobs in the UK

Tesco shopper checkout

Warmer weather boosts retail spending in May Subscription

05 Jun 2018 | By Henry Saker-Clark

UK retail sales recovered in May as better weather brought consumers back onto British high streets, with sales growth at its fastest for more than four years.

summer bbq

City snapshot: Warm weather drives grocery sales up 2.7% Subscription

30 May 2018 | By Henry Saker-Clark

Grocery sales jumped up 2.7% over the most recent 12 week period as the early summer weather boosted food and drinks sales, according to the latest grocery market share figures from Kantar Worldpanel. Plus, annual profits jump 25.4% at B&M European Value Retail, retail prices fall 1.1% and all the rest of the news from the City.

cereal bowl

Food & drink exports boosted by EU sales growth Subscription

25 May 2018 | By Henry Saker-Clark

UK Food and drink exports jumped up 5.5% in the first quarter of 2018, driven by strong growth in EU markets 

Marks & Spencer

M&S store closures could rise from 60 to 100, reports suggest Subscription

21 May 2018 | By Marianne Calnan

Like-for-like food sales are set to be down 0.2%, with clothing and home like-for-likes down 1.1%

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Damp weather slashes retail footfall in April Subscription

14 May 2018 | By Alec Mattinson

Retail footfall in April plunged by 3.3% year-on-year as the wet start to the month hit shopper numbers across the country, leading to the worst two-month figures since the depth of the recession in 2009.

coop soft drinks aisle

City snapshot: Grocery inflation rises as soft drinks prices spike Subscription

04 May 2018 | By Alec Mattinson, Andrew Don

 Supermarket price inflation rose again last month as the advent of the ‘sugar tax’ caused a spike in the price of soft drinks. Plus, packaging group Smurfit Kappa Group posts underlying first quarter growth of 7%, Kellogg’s organic net sales rise 0.6% in Q1 and all the rest of the latest news from the City.

high street

Almost 45,000 retailers in "significant financial distress" after difficult first quarter Subscription

03 May 2018 | By Henry Saker-Clark

The number of retailer under “significant financial distress” in the UK has increased 21% following a quarter of decreased consumer spending

soft drink sugar

Soft drinks levy reverses trend of declining inflation Subscription

03 May 2018 | By Alec Mattinson

A spike in soft drinks prices since the Soft Drinks Industry Levy came into force on 5 April has pushed up the GPI

asda checkout web

City snapshot: Grocery growth eases to slowest rate for a year amid 'pivotal moment' Subscription

01 May 2018 | By Andrew Don

The overall grocery market grew at its slowest rate for over a year at 2%, while a combined Sainsbury’s and Asda would result in a combined entity with a potential grocery market share of 31.4% according to Kantar Worldpanel. Plus, the latest market share figures from Nielsen, Just Eat’s first quarter sales jump 49%, DS Smith posts pre-close update and all the rest of the latest news from the City.

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City snapshot: Consumer confidence falls back again in April Subscription

27 Apr 2018 | By Andrew Don

GfK’s Consumer Confidence Index decreased two points in April 2018 – the 28th consecutive month without a positive overall index score, trading updates from Coca Cola European Partners, PepsiCo and Hershey after a busy day in the US and all the latest news from the City.

receipt Inflation money economy web

UK inflation falls to 2.5% but food inflation edges back upwards Subscription

18 Apr 2018 | By Henry Saker-Clark

UK inflation has fallen to its lowest rate in a year, though food price inflation edged up to a new high of 3.1%, according to the Office of National Statistics.

high street shops

Retailers suffer worst drop in footfall since 2010 Subscription

16 Apr 2018 | By Ian Quinn

Footfall was down 6% year on year in March, with the high street seeing an 8.6% drop

high street

Scottish retailers 'hardest hit' with store closures Subscription

11 Apr 2018 | By Emily Bright

PwC research compiled by the Local Data Company showed almost 300 high street retail closures in Scotland

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