All Inflation articles – Page 5
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InterviewInterview: Biscuiteers founder Harriet Hastings on Christmas, mail strikes and cheap imitations
Biscuiteers founder Harriet Hastings has baked herself a multi-million-pound high-end biscuit empire. She reflects on how she built her business and how it plans to deal with historic lows in consumer confidence and rampant inflation
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NewsWickes warns of spiralling energy bill as sales rise
Wickes has warned its energy bill is set to soar by £7.5m next year as it flagged the impact of “uncertainties” surrounding operating cost inflation and consumer confidence.
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NewsConsumer price inflation peaks as food prices soar
Consumer prices soared in the 12 months to September, driven by rising food and beverage prices.
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NewsExclusive: Ikea raises prices by up to 80% as manufacturing costs bite
Ikea has hiked furniture prices by up to 80% since last year, an investigation by Retail Week has found.
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NewsSuperdrug freezes prices on 5,000 branded cosmetics
Superdrug has promised to freeze prices on 5,000 branded beauty products to help shoppers cope with rising inflation.
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Retail VoiceWhat can we do to support retail workers amid the cost-of-living crisis?
In the same way the pandemic affected life long after the wave settled, the cost-of-living crisis will have a long-term impact for all, but how is it affecting retail workers and what can be done to help, asks the Retail Trust’s Chris Brook-Carter.
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NewsAsda launches £1 meal deal for over-60s as cost-of-living crisis bites
Asda has launched a £1 ‘winter warmer’ meal deal for older customers struggling with the cost-of-living crisis.
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AnalysisFrom BeReal to drone deliveries: Walmart, Rotaro and Trinny London reveal top CX investments
Retail Week’s Consumer Week kicks off today. From tapping into new demographics to understanding what shoppers really want from in-store experiences, retailers and brands from across the industry will share how they are engaging with cash-strapped consumers
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Opinion‘Hyperinflation demands aggressive response on customer proposition and costs’
While hyperinflation might be a new challenge for many UK retailers, there are strategies to navigate it, say Anita Balchandani and Richard Mayfield at McKinsey & Company
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NewsKingfisher guidance unchanged despite profits and sales slump
Home and DIY giant Kingfisher has insisted that its full year guidance remains unchaged despite profits and sales falling in the first half.
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DataRetail sales volumes slide as cost of living bites
Year on year retail sales rose by value but plunged by volume last month as the cost of living climbed, official figures reveal.
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DataSales growth slows as retailers prepare for ‘tough time ahead’
Sales for the month of August slowed as consumers reined in spending and inflation pushed up costs to historic highs.
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AnalysisRetail’s wish list for new prime minister Liz Truss
Liz Truss has been named as the new leader of the Conservative party – and the UK’s 56th prime minister – following a fractious two-month contest.
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NewsEG Group profits slump as cost of living and inflation take their toll
EG Group profits for the second quarter slumped, despite surging sales, as the cost-of-living crisis and inflationary environment took their toll.
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NewsShop prices hit record high as retail urges new prime minister to ease cost burden
Shop prices have hit a new record high as retailers struggle to shoulder the burden of mounting cost pressures.
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AnalysisCost-of-living tracker: How retailers are acting to ease the squeeze on consumers and staff
Cost-of-living tracker: How retailers are acting to ease the squeeze on consumers
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Opinion‘In this environment it’s not just profitability that’s at stake, but survival’
Retailers should take encouragement from how they have transformed themselves in recent years as they adopt tactics to confront today’s difficult environment, says Alvarez & Marsal’s European head of retail and consumer practice Erin Brookes
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NewsBank of England warns UK will fall into recession this year as interest rates soar
The Bank of England (BoE) has said the UK economy will crash into a recession by the end of the year as it raised interest rates to their highest point in 27 years.
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AnalysisValue over values – will the cost-of-living crisis slow retail’s sustainability ambitions?
UK retailers tackling the combination of a climate crisis and the largest drop in disposable income in generations are forging strategies with both events in mind
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DataData: Shop prices jump by highest ever rate as inflation spikes
Shop prices rose in July at the highest rate since records began in 2005.