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  • Family spending power rises again in March – Asda Income Tracker

    Family spending power rises again in March – Asda Income Tracker

    According to the latest Asda Income Tracker for March, discretionary incomes – the income left after taxes and essentials like rent, utilities and bills have been deducted – increased £16 on the same period the previous year. The data showed that the average UK household had £185 a week of discretionary income in March, while the [...]

    📅April 24, 2015

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  • Jet launches convenience initiative with Spar

    Jet launches convenience initiative with Spar

    Fuel brand Jet has teamed up with Spar in a new convenience initiative, giving Jet’s 350+ dealers access to four bespoke levels of retail support. The five-year agreement with Spar will give Jet dealers the choice of four packages of support to meet their shop needs: Symbol Partnership: aimed at larger convenience stores that would like to [...]

    📅April 24, 2015

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  • Sustainability award for Midcounties Co-operative

    Sustainability award for Midcounties Co-operative

    The Midcounties Co-operative has been chosen to receive a Queen’s Award for Enterprise in Sustainable Development in recognition of its environmental initiatives, sustained growth and contribution to local communities. The Society was praised for saving over £1m a year through energy efficiency and waste recycling projects, buying three quarters of its energy supply from renewable sources [...]

    📅April 24, 2015

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  • Retail sales fall in March – ONS

    Retail sales fall in March – ONS

    According to latest figures from the Office for National Statistics (ONS), retail sales in March fell 0.5% on the previous month. The decline was driven by a fall in petrol sales, down 6.2% on February. Year on year, the quantity bought in the retail industry increased 4.2% on last March, the longest period of sustained growth since [...]

    📅April 23, 2015

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  • Retail Employment Monitor: Grocery sector facing ‘tough challenges’

    Retail Employment Monitor: Grocery sector facing ‘tough challenges’

    According to latest figures from the BRC-Bond Dickinson Retail Employment Monitor, the number of full-time jobs fell by 0.1% in the first quarter of 2015 compared with the same period last year. Food retailers cut back on the number of hours worked, compared with the previous year, for the 17th consecutive month. British Retail Consortium director general [...]

    📅April 23, 2015

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  • Entries open for Retail Industry Awards 2015

    Entries open for Retail Industry Awards 2015

    Retailers across the country are being urged to enter the 2015 Retail Industry Awards, which this year are celebrating their 20th anniversary as the “Oscars” of the food retailing sector. The awards, which are run by Independent Retail News and TalkingRetail.com, recognise excellence in the industry and are the only awards open to both independents and [...]

    📅April 23, 2015

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  • Tesco record loss – Analyst reaction

    Tesco record loss – Analyst reaction

    Retail analysts have been responding to news of Tesco's record pre-tax loss of £6.4bn, the worst results in the retailer’s 96-year history. Simon Johnstone, senior analyst at Kantar Retail, said: "While Tesco looks like it’s on a downward spiral with another major dip in trading profits, its planned recovery strategy promises to steer the retailer back on [...]

    📅April 22, 2015

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  • Tesco reports record annual loss

    Tesco reports record annual loss

    Tesco has posted a record pre-tax loss of £6.4bn for the 53 weeks to 28 February, the worst results in the retailer's 96-year history. Tesco said a fall in value of its UK stores accounted for close to £4.7bn of the losses, amid tough market conditions and declining profits. Tesco chief executive Dave Lewis said: “It has [...]

    📅April 22, 2015

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  • Markit Household Finance Index rises in April

    Markit Household Finance Index rises in April

    Markit’s Household Finance Index (HFI) – measuring households’ overall perceptions of financial wellbeing – posted 45.8 in April, up from 45.5 in March. Philip Leake, economist at Markit, said: “HFI data from Markit indicated that the strain on UK household finances was the least pronounced in the survey’s history in April, building on the highest quarterly [...]

    📅April 22, 2015

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  • Early Easter boosts food sales in Scotland

    Early Easter boosts food sales in Scotland

    According to latest figures from the Scottish Retail Consortium (SRC), total Scottish retail sales in March were down 0.1% on last year. Like-for-like sales fell 1% on last March, with total sales increasing 1.9% in real terms, taking account of shop price deflation. Total food sales were up 0.5% on last year, the best food performance [...]

    📅April 22, 2015

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