Spring Budget 2024: Business leaders livid ‘overwhelming’ case for one tax cut didn’t land March 6, 2024 Bosses, including the chief of Marks and Spencer and the head of British Airways, have reacted with fury this afternoon, following the Chancellor’s snub of the tourist tax.
Retail woes continue as sunny September slows fashion sales October 6, 2023 September proved to be another tricky month for retailers, with growth up just 0.2 per cent on last year, hit by hot weather and the cost of living crunch. According to latest figures from the accountancy firm BDO, clothing retailers saw sales fall 3.4 per cent during the month, compared with a 6.7 per cent [...]
Superdrug: Sales and profit pass key milestones as Boots rival creates 400 jobs July 8, 2024 Superdrug's profit surged past £100m in 2023 as its sales broke the £1.5m barrier and it created more than 400 jobs, it has been revealed.
Retail sales lay limp in September as Indian summer rocks sector October 10, 2023 UK total retail sales continued to limp along in September with growth up just 2.7 per cent against a figure of 2.2 per cent for September last year as an Indian summer and cost of living pressures walloped the sector. Non-food sales declined 1.2 per cent on a total basis over the three months to [...]
Retail sales fall to lowest level in two years as inflation bites November 17, 2023 Retail sales volumes have fallen for the second month in a row — slumping to their lowest level since 2021— as consumers continued to feel the impact of inflation, Office for National Statistics (ONS) data showed. Sales volumes fell 0.3 per cent month-on-month in October and 2.7 per cent year-on-year. However, consumers are spending more. [...]
Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
Restaurants hit by August wash out as firms pray for sunny September rebound September 5, 2023 Restaurants were hit hard by the wet weather in August suffering a 5.8 per cent monthly decline in sales, new data has revealed.
Aldi and Lidl cash in as Brits clamoured for discounted Christmas January 2, 2024 Aldi was the big winner as the retailer reported its "best ever" festive period, taking in £1.5bn in sales in the run-up to 25 December, across its more-than 1,000 UK outlets.
‘Old habits die hard’: Drivers still feeling the pain from jacked up supermarket fuel margins — watchdog November 9, 2023 Drivers are facing higher prices at the pumps due to increasing fuel margins at a number of supermarkets and retailers.
Hold the ketchup: UK supermarkets facing tomato shortage February 21, 2023 UK supermarkets are facing a tomato shortage after bad weather in Europe and Africa disrupted supplies. Shoppers across the country have been sharing their frustration on social media after being unable to find tomatoes at their local stores. Growers and suppliers in Morocco have had to contend with cold temperatures, heavy rain, flooding and cancelled [...]