Retail Sector Struggles Amidst Rising Inflation and Interest Rates
In a recent analysis by Begbies Traynor, nearly 4,500 retailers find themselves in critical financial distress due to poor...
interest rates
Pepco Group Reports 17.7% Revenue Growth to €5.6bn Despite Profit Drop
Poundland owner Pepco Group reports a 17.7% increase in revenues to €5.6bn ($4.8bn) for the year ending September 30th,...
Retailers Brace for Challenging Holiday Season Amid Rising Interest Rates and Inflation
In a recent survey by Inventory Planner, two-thirds of retailers report that rising interest rates and inflation will impact...
Inflation Stays Steady Amid Mixed Economic Signals
Inflation remains at 6.7% in September due to a drop in food prices being balanced by an increase in...
Cake Box Reports Strong H1 Performance and Revenue Growth
Cake Box reports a 6.2% increase in LFL sales for the first half of the year, surpassing last year's...
Challenging Christmas Ahead for Retailers and Hospitality Industry Due to Rising Bills
Retailers and the hospitality industry are bracing for a challenging Christmas season due to rising bills that began impacting...
Bank of England Maintains Interest Rates, Reduces Bond Purchases Amid Economic Concerns
In a surprising move, the Bank of England's Monetary Policy Committee (MPC) has decided to keep interest rates at...
Inflation Surprises with a Drop to 6.7% in August
Inflation rate drops to 6.7% in August, defying economist expectations, as food prices rise by less and accommodation services...
UK Consumer Confidence Rises Amid Falling Inflation
In a surprising turn of events, GfK's Consumer Confidence Index has risen five points to -25 in August, compared...
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...