more economy news & analysis – Page 44
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NewsScottish retailers 'hardest hit' with store closures
PwC research compiled by the Local Data Company showed almost 300 high street retail closures in Scotland
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NewsFood sales jump drives 1.4% retail sales growth in March
The latest BRC-KPMG Retail Sales Monitor shows UK retail sales increased by 1.4% in March on a like-for-like basis, driven by a 4.2% jump in like-for-like food sales.
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Analysis & FeaturesCity snapshot: Supermarket price inflation plunges to 0.8%
Supermarket inflation has fallen to its lowest level for over a year, according to the latest figures from The Grocer Price Index, while Sainsbury’s has become the first supermarket to show monthly deflation since February 2017. Plus, consumer stocks surge on market recovery all the rest of the latest news from the City
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NewsEurope-wide grocery spend surges as inflation bites
The amount Europeans spent on groceries climbed 4.4% in the final quarter of 2017 – the highest rise since early 2012, Nielsen’s latest retail performance data reveals.
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Analysis & FeaturesIs the market to blame for woes of Jamie Oliver & co?
Has the casual dining sector – such a source of growth and creativity in recent years – run out of ideas?
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NewsUK retail sales return to growth in February
The rising cost of goods boosted retail sales in February according to the Office of National Statistics, with value sales growth significantly outpacing volume increases in purchases compared with the previous month.
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NewsPanic-buying shoppers empty shelves over weekend
Stores along a 19-mile stretch between Hayle and Truro in Cornwall sold out of bread, eggs, vegetables and milk
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Comment & OpinionBuild trust in cryptocurrency
We are on the cusp of a new world where e-commerce becomes b-commerce: Bitcoin commerce…
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NewsGovernment drops plan to scrap copper coins
Newspapers raised concerns about the impact on charities and the elderly
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NewsCity snapshot: Retail footfall falls again in February
Retail footfall declined by 0.5% in February according to the latest BRC – Springboard footfall and vacancies monitor, though this latest decline marked an improvement on recent falls in shopper numbers. Plus, consumer spending made its weakest start to the year since 2012 and all the rest of the latest news from the City.
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NewsCity snapshot: Inflation gap between Tesco and rivals expands
The inflationary gap between Tesco and its big four rivals has reached a new high even as inflation across the big four supermarkets flattens. Conviviality shares hammered after shock profits warning, Yeo Valley profits hit by rising milk prices and all the rest of the latest news from the City.
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NewsCity snapshot: Strong February propels grocery sales up by 3.2%
Grocery sales jumped by by 3.2% in the 12 weeks up to February 25, according to the latest grocery market share results from Kantar Worldpanel. Plus market share figures from Nielsen, sales surge at Just Eat but shares hit by surprise loss, PureCircle returns to growth and all the rest of the latest news from the City.
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NewsFood growth drives 0.6% monthly increase in retail sales
Retail sales were up 0.6% in February, according to the BRC/KPMG Retail Sales Monitor, with strong food sales wholly responsible for overall growth.
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NewsEasing food price inflation deepens overall retail deflation
Shop prices have eased in February, according to the latest British Retail Consortium and Nielsen Shop Price Index, as deflation increased to 0.8% amid easing food price inflation.
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NewsConsumer spending power still on the wane, according to Asda
Average spending power fell again in January to extend the squeeze on household incomes, according to the latest Asda Income Tracker.
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NewsOver a third of SMEs think high street cryptocurrency is coming
Some 46% of small firms questioned already accept “alternative” currencies, with 27% involved in schemes
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NewsFood price inflation sees January volume sales fall
Volume growth for food fell for the sixth month in a row
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NewsSpending per food-to-go occasion in decline, MCA finds
MCA advocated more meal deals and emphasised the importance of loyalty schemes
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NewsUK food & drink exports hit record highs in 2017, says Defra
The figures, presented by Defra as a ‘Brexit boost’ were up by more than £2bn in real terms on 2016, it said…
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NewsTesco continues to prop up overall inflation in grocery
Tesco recorded its highest level of price inflation for over five years last month