Retail Businesses Urge Government To Tackle Increasing 50% Theft And Abuse Cases
Retail employees have called on the government to implement tougher measures against attackers after theft and abuse incidents have increased by 50 per cent.
Potential Tea Shortages Loom Amid Trade Route Disruptions
Sainsbury's, a major retail player, has informed customers about potential disruptions that might impact the availability of black tea.
Which UK High Street Shops Will Close In 2024?
With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.
UK Retail Landscape Faces Challenges as December 2023 Sales Slow Down
The total UK retail sales for the month showed a growth of 1.7 per cent, marking a substantial decline from the 6.9 per cent recorded in December 2022.
UK Grocery Inflation Stays At 4.3% Despite Decline in Food Prices
The introduction of new border checks on EU goods in April entering the UK could lead to further spikes in UK grocery inflation.
UK Shoppers Anticipate Reduced Black Friday Purchases Amidst Cost of Living Crisis
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
UK Businesses 'Stuck in Reverse' in October, According to Recent Survey
The figures are worrying reading, as the Bank of England (BoE) prepares for its latest interest rate decision next week.
UK Inflation Resists Expected Slowdown in September Amid Rising Oil Prices
CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.
Over 470 Million Small Electronic Items Discarded in the UK in the Past Year
The research reveals that more than 500 million budget-friendly electronic items were purchased in the UK in the past year, averaging a staggering 16 purchases per second.
UK Businesses Ask For Help After Rise In Shoplifting
British businesses are seeking government help as shops suffer an unprecedented number of thefts and violence by criminal gangs, addicts and people struggling with a cost-of-living crisis.
Economic Challenges Mount as UK Retail Sales Slow Amid Rising Inflation and Global Uncertainties
The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.
Tesco Leads the Way in Easing Food Inflation, Slashing Prices on 2,500 Products
Tesco, the UK's largest supermarket chain, revealed a substantial decline in food inflation over the past six months. The grocery giant is taking bold steps to address the concerns of its customers by slashing prices on 2,500 products, with an average reduction of 12 per cent.
Britain seeks to lower the cost-of-living crisis with new measures tackling fake reviews and product labelling
More than half of the traders in the transport, hospitality and entertainment sectors indulge in drip pricing and fake reviews, which the UK government is trying to eradicate to lower the cost-of-living crisis.
The shockwaves of Russia exiting from the Black sea grain deal could make global flood inflation hard to contain
Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.
UK government's recycling scheme could cost more than £1.8 billion
Amidst the government's ambitious push for a £1.8 billion annual DRS, retailers clash over its soaring costs, while Tesco electrifies its delivery fleet, making strides toward sustainability and cleaner air.
Bank of England predict the rate of food price increases will reduce to 10% by the end of 2023
The Chief Economist of the Bank of England, Huw Pill, has cautioned that food costs in the UK might not see a significant decline due to the aftermath of the Russia-Ukraine war.
UK retail sales face July slump due to rainy weather, analysts optimistic for rebound
July's inclement weather caused a dip in UK retail sales, with indicators pointing to its substantial influence. However, analysts are optimistic about a potential resurgence in the second half of the year.
UK retail industry has lost 6,000 retailers in the past five years
The UK retail industry has been battling with the closure of 6,000 retailers over the past five years due to burdensome business rates and the COVID-19 pandemic.
Government's climate policies must be implemented 'proportionately and pragmatically' – Sunak
The current government climate strategy outlines policies and proposals for decarbonising all sectors of the UK economy to achieve net zero emissions by 2050.
UK inflation drops to almost 8% in June 2023, marking significant slowdown in price growth
Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.
Online retail revenue declines for 26th consecutive month amidst promising traffic index
UK online retail revenue saw a 1.2 per cent year-on-year decline in June, marking the 26th month of negative growth in a row, according to IMRG Online Retail Index.
UK retail sales in June show modest growth, falling behind inflation rates
Retail sales saw a slight improvement in June, with like-for-like (LFL) sales increasing by only 1.9 per cent, according to the latest data from BDO LLP.
Retail sales in the UK surpass expectations with 0.3% growth in May
UK retail sales experienced an unexpected increase of 0.3% in May, as experts identify King's coronation and warmer weather as possible reasons.
Recent analysis exposes retailers' insufficient commitment to diversity and inclusion
A new study reveals that although retailers are prioritising diversity and inclusion (D&I), concrete progress remains elusive in the UK retail sector.
Sunak failing to deliver on priorities, say Britons in new poll
Almost 6 months since Rishi Sunak set out the five priorities his government would tackle, an Ipsos poll shows Britons believe he is failing.
UK interest rates raised for 12th time in a row to highest level for almost 15 years
UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.
Inflation takes food prices nearly 9% higher than this time last year
Just when it looked like we reached a turning point in the fight against inflation, figures from last-month show its impacts are still biting retailers. Inflation has taken food prices 8.9% higher than this time last year.
UK retail sales volume slips by nearly 1% in March due to unfavourable weather
The UK saw a 0.9% drop in retail sales volumes in March as a result of poor weather. However, the 3-month trend presents an optimistic outlook for retailers.
Cost of living crisis fuelling rise in cybercrimes, new research shows
Over a third of the organisations across the UK's critical national infrastructure (CNI) anticipate a rise in cybercrime as a direct result of the current economic crisis.