Day: November 22, 2024
City snapshot: Consumer confidence improves in wake of budget
Businesses have warned that big tax rises in the budget will lead to job losses and pay cuts but that is having little effect on Brits’ mood. Also, the Competition and Markets Authority will allow more deals to go ahead to help boost growth.
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Media Bites 22 November: retail sales, energy bills and farming row continues
Retail sales have “plunged” in October, with a spike in consumer confidence meaning retailers can expect to see a strong golden quarter ahead
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Cod prices to reach highest level ever after quota slashed
Next year’s total allowable catch for Barents Sea North East Arctic cod has been reduced by 25% to 340,000 tonnes, in light of declining stocks
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Little Freddie babyfood pouches fail WHO sugar standard, despite claims
Little Freddie babyfood pouches fail to meet World Health Organization standards for on-pack sugar labelling, despite the brand claiming it is “always” reflective of the body’s guidelines.
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Iceland would ‘happily’ trial facial recognition cameras in stores
Executive chairman Richard Walker repeated calls for retailers to have more legal powers to detain and deter thieves
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Ferrero brings Kinder Bueno ice cream cones back to UK
Two variants – Classic and White – have hit Morrisons
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Sainsbury’s Aldi Price Match sparks convenience price war
This week, Tesco fired its own convenience pricing barrage, by dropping the price of 200 items in its Express stores
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NFU ‘proves’ 75% inheritance tax hit with help of Treasury and OBR veterans
The government has stood by its IHT calculations throughout the week, despite protests from farmers in Westminster
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Labour’s new National Food Strategy delayed amid farmer protests
The government was forced to shelve the intended launch of a new National Food Strategy amid outrage over the budget which saw thousands of farmers protest in Westminster
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Starbucks launches stop-motion Christmas advert and holiday menu 2024
Starbucks has unveiled its 2024 festive campaign, aiming to be a moment of calm in the hectic holiday season
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You Me Sushi plans to double estate with new franchise plans
The sushi chain is planning to double the number of its sites in the next three years
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BP renews contract with markdown tech Retail Insight for three more years
Other retailers using the technology include Lincolnshire Co-op and Central Co-op
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Blue Yonder software hack impacting supermarket supply chains
US tech firm Blue Yonder clients include Asda, Morrisons, Sainsbury’s and Tesco, as well as 30 fast moving consumer goods suppliers
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Allplants enters administration as 65 staff made redundant
Frozen ready meal challenger Allplants has officially entered administration today, with 65 staff losing their jobs and investors facing losses of almost £70m
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8 fashion retailers on store opening sprees
AllSaints has opened a raft of stores in recent months – but it is not alone. Retail Gazette looks at the other fashion retailers hitting the expansion trail.
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Consumer confidence spikes as shoppers prepare for Black Friday spending
Consumer confidence spiked across the UK in November, as concerns over the budget cooled off.
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DFS sees improved trading as it names interim CFO
DFS has named Imperial Brands exec Marie Wall as its new interim chief financial officer.
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Retail sales dip in October as Budget uncertainty hits spending
UK retail sales are estimated to have dropped in October following three months of growth, according to the Office for National Statistics (ONS).
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Wilko returns to London with new Uxbridge store
Wilko has opened the doors to new west London Uxbridge store as it marks a return to the capital.
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Which is the best retail Christmas ad of 2024?
This year’s cohort of Christmas ads have landed on our screens, with campaigns featuring the likes of Dawn French, Nigella Lawson and Kevin the Carrot.
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