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The Latest Breaking News from Helen Dickinson

Valentine’s Day proves a gift for UK retailers, as consumers hold back on big-ticket items

Jewellery purchases linked to 14 February give lift to otherwise lacklustre month, British Retail Consortium says

The Guardian - UK

Price of butter, cheese, eggs, and bread to skyrocket in UK

Supermarket shoppers have been warned over food prices rising at the third fastest monthly rate in a year.

The National (Scotland)

Food prices rise at third fastest monthly rate in a year

Breakfast, in particular, got more expensive as butter, cheese, eggs, bread and cereals all saw price hikes.

Evening Standard

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Gold hits record high amid geopolitical worries; Amazon takes creative control of James Bond – as it happened

Spot price of gold is approaching $3,000/ounce while Amazon has acquired creative control of the spy franchise from the Broccoli dynasty.

The Guardian - UK

Crime ‘spiralling out of control’ in stores, warns British Retail Consortium

UK retailers report all-time high of 55,000 thefts a day and a 50% rise this year in violent and abusive incidents

The Guardian - UK

Food prices see fastest monthly jump since April last year

Food prices overall increased by 0.5% between December and January, according to British Retail Consortium figures.

Evening Standard

Consumer expectations for economy plunge to ‘new low’ amid job cuts

Hopes for the state of the economy over the next three months have dampened since December, according to a consumer confidence survey

The Independent UK

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Consumer expectations for economy plunge to ‘new low’

A survey found expectations for the state of the economy over the next three months have worsened to minus 34, down from minus 27 in December.

Evening Standard

Two thirds of retailers to hike prices because of Rachel Reeves’ budget, industry warns

The British Retail Consortium said 67 per cent of the finance bosses they asked said they would raise prices

The Independent UK

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

The Independent UK

Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

Evening Standard

Food prices to rise by 4.2% this year amid increased costs, industry warns

The BRC said there was ‘little hope of prices going anywhere but up’ amid higher national insurance, National Living Wage and packaging costs.

Evening Standard

UK retailers may have to cut thousands of jobs after bleak Christmas

British Retail Consortium figures show sales growth close to flatlining, as card spending fails to rise

The Guardian - UK

New Budget blow for Starmer as retailers warn of price hikes and job cuts

Retailers will be particularly hard hit by chancellor Rachel Reeves’s planned hike to employers’ national insurance

The Independent UK

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Evening Standard

Crucial ‘golden quarter’ fails to save 2024 for retailers

Sales were just 0.4% higher over the three months to December than in the same period in 2023, reflecting households’ cautious spending, figures show.

The Independent UK

Christmas ‘disastrous’ for retailers as households battle ongoing cost pressures

Retail footfall was 11.4% down on last year over the final full week before Christmas, according to Rendle Intelligence and Insights.

The Guardian - UK

Retailers warn inflation could hamper UK shoppers in run-up to Christmas

British Retail Consortium figures come alongside data showing a fall in household disposable income

Evening Standard

Retailers suffer ‘disappointing’ October amid pre-Budget jitters

Total UK retail sales were up 0.6% year-on-year last month against a 2.6% increase last October, according to the BRC-KPMG Retail Sales Monitor.

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The Guardian - UK

Lower shop prices boost prospect of Bank of England rate cut

British Retail Consortium says prices falling at fastest rate in three years and are 0.8% lower than a year ago

The Guardian - UK

Oasis ticket sales push UK non-essential spending to highest level this year

Retail sales show strongest growth in six months as shoppers buy clothes and computers for new academic year

The Guardian - UK

UK shop prices fall year on year for first time since cost of living crisis began

Prices down 0.3% in first week of August as food inflation eases and retailers attempt to shift unsold summer stock

International Business Times UK

Businesses Struggle To Deal With 4.8% Drop In Footfall Amid Fascist Riots In UK

A series of riots targeting people of colour have broken out. Shops have been set on fire and small businesses are being forced to close.

The Guardian - UK

UK retailers call for business rates and planning reform after fall in shoppers

Visits to high streets, shopping centres and retail parks fell by 3.6% in May, continuing downward trend

The Guardian - UK

Inflation in UK shops falls amid price cuts on furniture and TVs

Biggest drop since November 2021 as ‘unseasonable’ weather pushes retailers to continue promotions

The Guardian - UK

Wet weather woes cause damp start to spring for retailers and restaurants

Consumer caution over high interest rates and energy bills adds to bleak start to the year for sector

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