Finance News – British Retail Consortium
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First-time buyer demand for furniture and the ‘lipstick effect’ boost June sales
In June, retail sales increased due to higher purchases of home furnishings and personal care products, reflecting improving consumer sentiment and favorable weather conditions com...
Read Full Article →Hot weather lifts UK spending as fans and sports gear add to sales
June experienced a 3.1% increase in consumer purchases compared to the previous year, reflecting a rebound influenced by warmer conditions and targeted discounts, despite ongoing f...
Read Full Article →Young Brits drive consumer confidence up while high-income households cut back
In June, increased optimism among younger individuals contributed to a slight rise in overall consumer confidence, despite reduced spending tendencies observed within higher-earnin...
Read Full Article →Retail footfall dips in May despite higher consumer confidence
The decrease in in-store visits during May suggests potential challenges for retailers, as consumer spending growth did not keep pace with increased optimism among shoppers.
Read Full Article →Beef drives food inflation to highest in a year
Rising beef costs have contributed to an increase in overall food prices, causing the annual inflation rate to reach 2.8% in May, the highest level recorded in the past year.
Read Full Article →UK food inflation rises for fourth month in a row as steaks beef up prices
The steady increase in the cost of fresh food, particularly meat, contributes to ongoing pressure on household budgets despite an overall decline in general price inflation across...
Read Full Article →Hard to swallow: food inflation rises for fourth month in a row
Rising food prices over several months indicate increasing costs for consumers and retailers, potentially impacting household budgets and business expenses due to new taxes and reg...
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