Clothing Inflation Hits Record High, Spending Cuts Loom
In a recent study by Braze, 90% of young people ages 25-34 plan to cut non-essential spending due to...
inflation
Inflation Reaches 30-Year High at 6.2% in February
In a shocking turn of events, the Consumer Prices Index (CPI) has soared to 6.2% in February 2022, marking...
- By LNMVadmin
- March 23, 2022
Ocado Retail Lowers Growth Forecast Amidst Inflation Uncertainties and Changing Shopping Habits
In Q1, Ocado Retail Ltd's revenues dropped 5.7% to £564.7m due to pandemic-related uncertainties and inflation from the Ukraine...
- By LNMVadmin
- March 18, 2022
BoE Raises Interest Rates Amid Global Inflation Concerns and Ukraine Conflict Impact
In response to rising living costs and global economic turmoil, the Bank of England has increased interest rates to...
- By LNMVadmin
- March 17, 2022
UK Retail Sales Show Signs of Recovery Amid Uncertainty
In a recent BRC-KPMG retail sales monitor, UK retail sales increased 2.7% on a like-for-like basis from February 2021,...
- By LNMVadmin
- March 16, 2022
Retail Sales Show Continued Growth Amidst Challenges and Shifting Consumer Habits
In a new report from BRC and KPMG, UK retail sales increased by 6.7% in February compared to last...
- By LNMVadmin
- March 8, 2022
UK Consumer Spending Surges Amidst Rising Costs
In a post-Plan B world, consumer card spending surged 13.7% year-on-year in February, with essential items up 12%, driven...
- By LNMVadmin
- March 8, 2022
UK Retail Prices Reach Highest Rate Since 2011 Amid Food Inflation
Inflation hits a decade-high in February, reaching 1.8%, driven by food prices, particularly fresh food, according to the British...
- By LNMVadmin
- March 2, 2022
Primark Sales Surge Amid Pandemic Recovery
In a recent announcement, Associated British Foods (ABF) revealed that sales and adjusted operating profit for the 24 weeks...
- By LNMVadmin
- February 28, 2022
Asda Strike Threat Looms as Distribution Staff Reject Pay Deal
Thousands of Asda distribution staff have rejected a pay deal offered by the supermarket, according to the GMB union....
- By LNMVadmin
- February 22, 2022