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Supermarket chain Morrisons has promised its customers to keep hikes in food prices to a minimum, in the wake of rising costs faced on grocery items. The company announced a rise in profits for the first time in six years, with a 1.7% rise in like-for-like sales. A strong Christmas...

Following the fall in the value of the pound brought about by Brexit, inflation on food items in supermarkets has risen significantly. Grocery inflation jumped to 1.4%, marking a near three-year high in the three months to February 26th. Increases were seen on items such as fruit and vegetables, as...

 Department store John Lewis saw a rise in sales in the last week of trading compared to the previous year. Much of this was attributed to the company’s Never Knowingly Undersold policy, which sees the company price match competitor promotions which has been in place for several years now. Departments...

Customers, according to the British Retail Consortium, saw a reduction in the rate of shop price deflation compared to January. Overall deflation slowed from 1.7% down to 1%, marking what was described as a sharp deceleration, with non-food items slowing from a 2.3% drop to a 1.8% one in February....

 An appearance on the business show, Dragon’s Den, has helped boost the sales of one entrepreneur’s product. Founder of the device, Craig Knott suggested that despite leaving the show with no investment on his Patlock product, sales had grown significantly in the aftermath of the episode’s broadcast. In response to...

After failing to find a buyer to rescue it from failure, over 800 jobs have been cut at Budgens. Owned by Food Retailer Operations Limited, the company was put in administration in February after enduring “difficult” trading conditions. Out of 34 stores, nine closed last weekend and rest will shut down...

It has been reported that Flannels will be opening its first store in Scotland this spring. The 756 sq m store will offer a variety of footwear and accessories as well as luxury and premium designer clothing. A spokesperson for Flannels said: “With constant footfall and a strong reputation, Silverburn is the...

Luxury and fashion retail executive, James McArthur has been appointed to join the Benetton Group board of directors, bringing with him a wealth of international experience. Previously, Mr McArthur’s roles have included positions such as CEO for companies such as Anya Hindmarch, Harrods and Balenciaga. Elsewhere, McArthur played a part in the...

Italian chocolatier Ferrero have announced a new website with the aim of aiding retailers in improving the performance of their confectionery sales. The site includes features such POS advice, as well as sections on knowing your customers and growing sales. The company have optimised the site for smartphone capability and...

The recent fall in consumer spending coupled with a rise in inflation has significantly reduced the performance of the UK economy. The changes, some of which can be attributed to the impacts of Brexit, leave the economy in need of new areas of growth. The uncertainty surrounding the future of...