Prices charged by UK food and drink manufacturers fell at the fastest rate in more than three years in September, according to the latest Lloyds Bank UK Sector Tracker. In September, the food and drink manufacturing sector posted a reading of 48.8 on the Tracker’s measure of output charges, down from 50.5 in August and […]
PayPoint today announces the significant expansion of its Love2shop gift card offering in partnership with 21 of the UK’s leading multiple retailer groups, including One Stop, MFG, Henderson’s Retail, CJ Lang, Scotmid Co-op, Sewell’s and Greens Retail. The move will see Love2shop launched in more than 2,600 new stores from 9 October 2023. This is […]
Consumer card spending grew 4.2 % year-on-year in September – less than the latest CPIH inflation rate of 6.3 % but higher than August’s growth figure of 2.8 % – as the late summer sun boosted in-store spending. Meanwhile, the Rugby World Cup drove spending at pubs and bars, yet growth slowed on restaurants and […]
Sales figures are not adjusted for inflation. Given that both the September SPI (BRC) and August CPI (ONS) show inflation running at higher than normal levels, the rise in sales masked a likely drop in volumes once inflation is accounted for. Like-for-like data has been moved from the bullets to the tables at the bottom. […]
PayPoint today announces that more than 1,000 members of the Federation of Independent Retailers (the Fed) have signed up to become PayPoint Park Super Agents, boosting their earning potential by over £1,000 per year. Park Christmas Savings, part of the PayPoint Group, is the UK’s biggest Christmas savings club, helping over 350,000 families to spread […]
American Express has strengthened its partnership with Booker Group, meaning thousands more independent retailers nationwide will be able to accept American Express Card payments under a new agreement. Eligible Premier, Londis, Budgens and Family Shopper retailers can now offer their customers a greater choice of payment options when paying in-store. The brands join an ever-increasing […]
Covering the five weeks 27 August – 30 September 2023 According to BRC-Sensormatic IQ data: Total UK footfall decreased by 2.9% in September (YoY), down from -1.6% in August. High Street footfall decreased by 1.7% in September (YoY), down from -0.9% in August. Retail Parks footfall decreased by 2.4% in September (YoY), down from 0.0% […]
Period Covered: 01 – 07 September 2023 Shop Price annual inflation decelerated further to 6.2% in September, down from 6.9% in August. This is below the 3-month average rate of 6.8%. Shop price growth is at its lowest since September 2022. Non-Food inflation eased to 4.4% in September, down from 4.7% in August. This is […]
With Christmas, Black Friday and Cyber Monday all fast approaching, many UK businesses are gearing up for what should be the busiest time of the year. But with inflation and living costs posing a challenge for many UK retailers, will customers still be looking to spend in the same way? A new report by SumUp, […]
86 retail leaders have signed a letter to the Home Secretary, Suella Braverman, demanding action over rising rates of retail crime. The 2023 BRC Crime Survey showed that incidents of violence and abuse towards retail colleagues had almost doubled on pre-pandemic levels to 867 incidents every day in 2021/22. It also put the scale of […]
