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The Latest Breaking News on Ten international beauty and fashion brands that opened new London stores in 2023

Ten international beauty and fashion brands that opened new London stores in 2023

For many retailers 2023 has not been without challenges, from the cost of living crisis weighing on consumer confidence, competition with rivals to bring down prices for customers, to unpredictable weather knocking footfall at times.

Evening Standard

Winter recession fears as retail sales hit lowest level since lockdown due to cost of living and wet weather

Economists said the figures painted ‘a distinctly glum autumnal picture’

The Independent UK

Fall in retail sales in Great Britain signals high street recession

Volumes drop 2.7% year on year in October as high interest rates and poor weather drive away shoppers

The Guardian - UK

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Winter recession fears for UK after fall in retail sales – as it happened

Retail sales volumes across Great Britain in October fell to their lowest level since February 2021, amid cost of living squeeze and wet weather

The Guardian - UK

There Are Calls For The ACCC To Investigate Coles & Woolworths After A Major Price Discrepancy

Shadow Agricultural Minister David Littleproud has called for an investigation into sky high supermarket prices, as it is revealed that farmers are paid less when shelf costs remain the same.

Pedestrian.tv

M&S regains crown of UK’s top womenswear retailer as profits jump

Marks & Spencer will pay out almost £20m to shareholders in January in first dividend since 2019

The Guardian - UK

Marks & Spencer delivers sales and profits jump and points to good start to Christmas orders

Like for like food sales at M&S rose 11.7% in the first half

Evening Standard

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UK food inflation may be gone by Easter, claims boss of major retailer

Upbeat comments by Associated British Foods CEO come as grocery price rises fall to single digits for first time in 18 months

The Guardian - UK

UK grocery inflation falls to single digits for first time this year

Butter, dried pasta and milk among items to show drops as supermarket price rises slow

The Guardian - UK

Lipstick and velvet leggings sales boost Primark as London shoppers return to the office

Huge divi of £459 million shared by founding family, charities and shareholders

Evening Standard

UK recession fears grow as shoppers cut spending ‘to save for Christmas’

Drop in retail sales also because of consumer worries over high energy bills and mortgages, surveys suggest

The Guardian - UK

Fears of rising energy bills and a costly Christmas lead consumers to cut back

Some 14% of consumers say they have already made mutual agreements to cut back on gift-giving, figures from Barclays show.

The Independent UK

Sainsbury's cuts prices and takes sales from Aldi and Lidl

Customers choosing to dine at home "in front of Strictly"

Evening Standard

Supermarkets' Shonky gong for 'cashing in' on consumers

Coles and Woolworths have received the dubious honour of a Shonky by consumer group Choice for raising prices amid a cost-of-living crisis.

AAP

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The Independent UK

UK shop price inflation at lowest in a year as government advised not to burden businesses

Prices were 5.2 per cent higher in October than a year earlier, data shows

The Independent UK

Shop price inflation eases for fifth consecutive month

Prices were 5.2% higher in October than a year earlier, according to the British Retail Consortium (BRC)-Nielsen Shop Price Index.

The Guardian - UK

Christmas shoppers to buy fewer and cheaper items this year as cost of living crisis persists

UK spending will be lower in real terms than last year as savings have been depleted and inflation remains high, say analysts

The Guardian - UK

UK retail sector may be in recession before key Christmas sales season

Mild weather in September and cost of living crisis lead to reduction in spending

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news in one place.

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Evening Standard

UK high street may be 'back in recession' as retail sales fall faster than thought

Economists had expected a fall of just 0.3%, after a rise of 0.4% in August.

The Guardian - UK

Business rates could rise by £1.95bn in ‘bleak picture’ for UK retail and hospitality

Inflation-linked increase next year would be ‘final nail in the coffin’ for many businesses, trade bodies warn

The Independent UK

New survey reveals extent of ‘surge pricing’ trend in UK

’Surge pricing’ means customers are charged higher prices when they need the item the most

The Guardian - UK

FTSE 100 posts third best day of 2023 as bond selloff eases; gas prices jump after Balticconnector pipe leak – as it happened

Markets surge on relief that bond yields are falling, while gas prices jump following reports that damage to Finland-Estonia pipeline could be deliberate

Evening Standard

Sainsbury’s now more expensive than Waitrose for non-loyalty scheme members, Which? claims

A Sainsbury’s spokesperson said that comparing prices without considering loyalty offers is “misleading”

Evening Standard

Tesco CEO aims to keep lowering prices as profits climb and food inflation falls

First half like for like sales at Tesco have improved 8.4%

The Guardian - UK

Tesco says food inflation falling as it cuts price on 2,500 items

Average 12% reduction comes as more affordable own-brand products introduced in Express stores

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