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How to Prepare for a Recession

Small Biz Trends

As it might affect not only your personal finances but also threaten your business’ survival. Have a Financial Plan. Having a well-thought-through financial plan can help in challenging times. You will need to review your finances first to identify your needs and financial health. Cut Out Unnecessary Costs.

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Consumer spending grew just 5.9 percent in February, as Brits continue to cut back on non-essential spending to offset rising food price inflation

A1 Retail

Growth rates were also impacted by the lifting of Omicron Plan B restrictions last year, which caused a spike in spending due to pent-up demand, bringing down this year’s figures. percent) – although it’s worth noting that January’s figures were also inflated by the Plan B restrictions last year. percent) than in January (10.4

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Consumer Card Spending Grows at Slower Rate in May as Brits Curb Discretionary Purchases

365 Retail

A quarter (26 percent) of shoppers stated that they are reducing their purchases of new summer outfits due to the rising cost of living, and over a third (35 percent) plan to reuse their old summer clothes to save money. In contrast, discount stores enjoyed a growth of 5.0 percent) as well as on entertainment (7.3

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Primark’s Strategy, 4 Elements to Consider

Indigo 9 Digital

Primark is one of the fastest growing retailers in Europe with plans to have more of a presence in the United States. When you look at the retail sector it tends to be the top of the market, luxury retailers and the lower end of the market, discount stores that perform the best. Rock bottom prices. billion ($2.2

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Hot weather boosts spending on clothing, beauty and electronics in July, yet hospitality and overseas travel see short-term slowdown

A1 Retail

While still in growth, hospitality and international travel saw month-on-month declines as Brits cut back on holiday and social plans to offset higher outgoings. Meanwhile, discount stores grew 3.1 Electronics retailers performed particularly well as consumers bought gadgets to keep cool during the heatwave. per cent and 3.3

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Consumer card spending grew just 3.6 percent in May, while food price inflation pushes grocery spending to its highest growth in two years

A1 Retail

This comes as a quarter (26 percent) of shoppers say they are cutting back on buying new summer outfits due to the rising cost-of-living, and over a third (35 percent) plan to re-wear more of their old summer clothes for the same reason. Meanwhile, discount stores enjoyed growth of 5.0 percent), as well as on entertainment (7.3

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Andy Bond stepping down as Poundland owner Pepco’s chief over health issues

365 Retail

He quits after 10 years with the European retailer, which owns discounting stores under the Pepco, Poundland and Dealz brands across the continent, including seven as chief executive and launching the company on the Warsaw Stock Exchange last year.