All Economy articles – Page 33
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NewsCity snapshot: UK retail sales rise back above pre-pandemic levels
UK retail sales rose back above the levels seen before the coronavirus pandemic in July as consumer demand continues to rebound, according to official government figures
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NewsCity snapshot: Shock jump in inflation as petrol and clothing prices rise
Prices have risen faster than expected in July as lockdown restrictions were relaxed and consumers returned to the shops.
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NewsSupermarket sales growth eases as stockpiling subsides
Take-home grocery sales growth slowed to 14.4% year on year during the 12 weeks to 9 August 2020
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NewsSuppliers squeezed as HMRC moves to claw back tax owed
Food manufacturers are being squeezed by the government as HMRC withholds VAT refunds to claw back tax owed, putting thousands of jobs at risk
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NewsRetail sales increase for second month in a row but food growth slows
Food and grocery sales have slowed down in July following exceptional growth at the height of the coronavirus outbreak as shopper behaviour returns to “normal”
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Comment & OpinionHow CCEP is playing a positive role as part of the Covid-19 Business Pledge
Collaboration is the most powerful tool we have, says Leendert den Hollander, GB general manager at Coca-Cola European Partners
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NewsCity snapshot: Footfall slowly returning to Britain’s shops and centres
Shoppers are slowly making their way back to the high street as pubs, cafes and restaurants reopen
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NewsLockdown inflation falls back as grocers head for a price war
The lockdown-driven spike in supermarket inflation dramatically fell back in July as the major grocers fired the first shots of a post-Covid price war.
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NewsRetail sales bounce back to pre-lockdown levels
UK retail sales grew 13.9% in June compared to the previous month, with sales now back up to pre-lockdown levels driven by strong food sales growth.
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NewsCity snapshot: Grocery sales growth begins to slow from record highs
Take-home grocery sales rose by their highest level since 1994 over the past 12-weeks, however grocery sales growth began to slow last month as shoppers gradually return to their pre-lockdown behaviours.
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NewsCoronavirus recovery plan launched for food & drink sector
The report is aimed at governments and policymakers in Westminster, Cardiff, Holyrood and Stormont
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NewsCity snapshot: M&S to announce hundreds of job cuts
According to Sky News, the retailer will start announcing redundancy plans within days, following other prominent high street names such as John Lewis, Boots and Debenhams
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NewsRetail footfall slumps 57% in June despite reopening ‘spike’
Retail footfall remained at historic lows in June, but it experienced ‘signficant’ improvement after the ‘turning point’ of the reopening of non-essential retail stores in mid-June.
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NewsSupermarket price inflation falls back as deals return and price war looms
Offers and promotions have started to rematerialise, damping grocery price inflation
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NewsCity snapshot: Supermarket inflation falls back in June to 0.9%
Supermarket inflation fell back in June as the return of promotions and the threat of a price war took the sting out of pandemic-driven price hikes.
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NewsMedia Bites 9 July: Mini budget, Uber Eats/Asda, Kbox
Sunak unveils £30bn economic package in the Summer “Mini Budget”, Uber Eats teams up with Adsa for grocery deliveries and Deliveroo backer Hoxton Venutures invests in Kbox
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NewsUK footfall recovery remains sluggish despite lockdown easing
UK footfall recovered slightly in the third week of shops reopening in England and Northern Ireland, but were still down almost 50% year on year
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NewsOver 24,000 retail jobs shed so far in 2020
The number may only be the ’tip of the iceberg’, researchers warn
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NewsCity Snapshot: Chancellor mulls new coronavirus measures as EU relaxes state aid rules
The Treasury is looking into making accessing coronavirus support loans easier for businesses
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NewsCity snapshot: June retail sales show modest recovery to highest level since February
June retail sales achieved their best result since February, despite dropping by more than 14%