UK Retail Sales Slow Amid Heavy Rain and Inflation Impact
In the UK, total retail sales increased by 1.5% in July compared to last year's growth of 2.3%, due...
inflation
Retail Sector Leads UK Administrations in 2023 Amid Economic Uncertainty
In the first half of 2023, the retail sector led UK administrations with 16%, marking a 22% increase compared...
BoE Raises Interest Rates to 5.25% in Continued Effort to Combat Inflation
In a bid to combat inflation, the Bank of England has raised interest rates for the 14th consecutive time...
Inflation Slows Down, But Risks Loom Amid Global Uncertainties
In a recent report by the British Retail Consortium (BRC), shop price inflation dropped to 7.6% in July from...
Poundland Fights Inflation with £1 Price Point and Store Expansion
Today (25 July), Poundland launches 'Operation Sell for Less,' reducing prices on big brand products in over 800 UK...
UK Consumer Confidence Plummets in July Amid Inflation and Rising Interest Rates
Consumer confidence plummets in July as rising inflation and interest rates take a toll, reveals GfK's survey. The index...
Inflation Rate Drops in June: A Look at the Key Factors
Inflation rate drops to 7.9% in June from 8.7% in May, according to the Office for National Statistics. Falling...
Tesco Boosts Freehold Ownership to Combat Inflation
Tesco is reportedly planning to acquire more store freeholds to minimize lease liabilities and protect against inflation, according to...
Supermarket Grocery Prices Skyrocket Amid Cost of Living Crisis
Supermarket grocery prices have skyrocketed by 25.8% since the cost of living crisis began, according to new data from...
Pepco Group Reports Strong Q3 Growth Amid Challenging Trading Environment
Pepco Group, owner of Poundland, reports a 12.5% increase in third-quarter revenues at €1.37bn ($1.46bn), with Poundland's sales up...