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

365 Retail

percent, the increase in grocery spend was fueled by the Coronation bank holiday weekend and Eurovision, as Brits purchased food and drink for street parties and celebrations at home. In contrast, discount stores enjoyed a growth of 5.0 Apart from the near-record food price inflation rate of 19.1 percent and 13.1

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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. The impact of a recession on your business at times can be hard to predict. Have a Financial Plan. Having a well-thought-through financial plan can help in challenging times. 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, with two thirds (67 percent) of consumers consciously trying to save energy at home. percent) than in January (10.4 percent). percent versus 4.2

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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. You can buy a dress at Primark for $11, jeans for $16 and a tank top for $3. Dollar General plans to open more than 1,000 stores this year and Dollar Tree plans to open as many as 650 stores this year.

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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 2.1

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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

Aside from the near-record rate of food price inflation, grocery spend also received a boost from the Coronation bank holiday weekend and Eurovision, due to Brits buying food and drink for street parties and celebrations at home. Meanwhile, discount stores enjoyed growth of 5.0 Spending on non-essential items rose just 3.0

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

365 Retail

Andy Bond, a high street veteran and former chief of Asda, said he will leave Pepco at the end of March and remain an adviser to the board until the end of the financial year. The boss will be replaced by chief operating officer Trevor Masters, himself a former supermarket executive at Tesco where he headed up the international operation.