Recent data reveals a slowdown in overall food inflation to its lowest point since November 2021.Seafood prices remain elevated due to high import and processing costs,…
Browsing: consumer spending
In October, UK retail sales witnessed a decline, breaking a three-month streak of growth, influenced by budget uncertainties and warm weather effects.October sales figures fell by…
Consumers are poised to spend like never before during Black Friday 2024, with significant transformations unfolding across the retail sector.Expect a 15-20% rise in spending as…
In the third quarter, Monster Beverage’s financial performance fell short of Wall Street expectations due to declining demand.The company reported net sales of £1.45 billion, slightly…
Marks & Spencer is facing significant financial pressures due to imminent changes in national insurance and wage regulations.The company’s national insurance contributions are set to rise…
UK shop prices dropped significantly, marking the lowest inflation in over three years.Annual shop prices contracted by 0.8%, deepening from the previous month’s decline.Food inflation decreased…
UK shop price inflation drops to its lowest in over three years, offering relief for consumers as food prices ease.The British Retail Consortium and NielsenIQ reported…
Halfords experiences flat sales in the first half, highlighting cautious consumer spending due to economic uncertainty.The retailer reports a marginal decline of 0.1% in like-for-like sales…
The UK wine industry is facing significant challenges due to upcoming changes in alcohol duty.From February 2025, a complex system of over 30 tax bands will…
The UK branch of renowned fashion brand Bottega Veneta has returned to profitability in 2023, showcasing resilience in a challenging economic climate.Despite a notable decrease in…