All Economy articles – Page 27
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NewsCity Snapshot: UK retail sector loses almost 190,000 jobs during coronavirus outbreak
News of almost 190,000 UK retail job losses since first lockdown comes as Prime Minister Boris Johnson confirmed yesterday that non-essential shops will re-open on 12 April
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Comment & OpinionEaster sales ‘close to normal’? They could actually be better than that
There have already been signs of shoppers “making a special, even symbolic, effort” for Easter
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NewsCity snapshot: Grocery sales fall in March as industry laps 2020 lockdown
Grocery sales growth fell back in March as the industry lapped last year’s record-breaking spending during the first coronavirus lockdown,
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NewsCity snapshot: Prices unexpectedly tumble in February as lockdown drags on
The rate of UK inflation has taken an unexpected fall in February as a result of continued discounting on clothes as retailers attempt to generate consumer interest as lockdown wears on. Food prices also fell again as the supermarkets battled it out over price.
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NewsSupermarket prices in deflation despite fall in imports from EU
The Grocer Price Index found that overall the big four’s prices fell back 0.2% year on year across February
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NewsSupermarket sales growth remains at its highest level since June 2020
UK supermarkets are continuing to see the highest industry sales growth since the summer of 2020 as booming online sales mitigated a small drop in physical stores.
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NewsCity Snapshot: Record online sales mitigate in-store like-for-like sales slide in February
Shuttered high street shops contributed to a 3.1% decline in total like-for-like sales in February but fashion and homeware helped drive online sales to a record high.
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NewsWholesalers miss out on sector-specific funding in Budget
Wholesaler will have to compete for a share of a wider £425m restart grant fund
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NewsSupermarkets turn down business rates holiday to avoid repeat of backlash
Tesco also called for major reform of business rates to tackle the problems of the high street
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Comment & OpinionThe Budget is welcome for food and drink – but does it go far enough?
Sunak’s Budget contained few surprises but food and drink leaders have cautiously welcomed new measures of support
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Analysis & FeaturesBudget 2021: the industry reacts
As chancellor Rishi Sunak announces this year’s Budget, industry figures from retail, wholesale, hospitality and finance share their reactions
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News🔴 Budget 2021 Live: Chancellor outlines Covid recovery measures
The latest updates for the grocery industry on the B
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NewsCity snapshot: Grocery sales growth hits eight month high in February
Grocery industry sales growth accelerated to its highest level since June 2020 during February as the latest national restrictions curtailed spending in cafés, restaurants and pubs. Plus trading updates from Hotel Chocolat, HelloFresh and Virgin Wines starts trading on the stock exchange.
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PodcastThe Legacies of Lockdown: The Convenience Mix Podcast
Welcome to The Convenience Mix, a brand-new four-weekly podcast dedicated to the UK convenience retail market
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NewsShelf prices fall as supermarkets brush off import cost concerns
Supermarkets have avoided passing on any extra costs incurred from importing goods into the UK, The Grocer Price Index has suggested
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NewsCity snapshot: UK retail sales drop 10% in January, BDO finds
UK retailers recorded their worst January on record and the worst month for the high street since June as a national lockdown shuttered shops across the country
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Comment & OpinionThree key trends that will influence grocery shopping habits in 2021
Search data tells us which Covid consumer habits will last, says Harry Walker, industry head of grocery retail at Google
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NewsCity snapshot: Lockdown helps supermarket sales growth to accelerate in January
The UK-wide coronavirus lockdown has spurred further growth in take home grocery sales during January, as shoppers spent £1bn more on supermarket food year-on-year during the month
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NewsCity snapshot: Retail sales suffers worst year on record after Christmas falls flat
The UK retail sector has suffered its worst year on record after a Christmas sales rise of 0.4% failed to meet expectations, according to the Office of National Statistics. Plus, The John Lewis Partnership upgrades profit expectations and pays back £300m government aid and all the rest of the latest news from the City
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NewsSupermarket prices rise as Covid and Brexit reignite inflation
Supermarket price inflation escalated to its highest level for five months in December as coronavirus restrictions and the UK’s imminent exit from the EU reversed deflationary trends in grocery.