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Digital payments may be rising, but survey shows most consumers back cash

Inside Retail

An additional 14 per cent want essential services such as supermarkets and pharmacies to continue offering the option. Cash remains the most reliable payment method when the internet is down, the power is out, or theres a tech glitch, its often the only way to pay, said Moneys finance expert, Sean Callery.

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Data: Consumer spending intentions plunge to two-year low

Retail Gazette

UK consumer confidence has dipped for the second consecutive quarter, with more people now saying they feel worse off and intend to spend less than at any point since 2023. PwC said the decline was driven by worsening household finances, greater concern over the UK economy, and a rise in short-term spending cutbacks.

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One of every four shoppers say shoplifting is justifiable, survey shows

Inside Retail

The Australian Consumer and Retail Studies (ACRS) unit at Monash University surveyed 1001 shoppers across Australia last June, asking them questions about the cost of living and consumer deviance. However, 44 per cent of the participants said that it is justifiable to taste a fruit in a supermarket without buying it.

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April retail sales rise as consumer confidence improves

Retail Gazette

Retail sales rose for the fourth consecutive month in April as consumer confidence in the UK improved. The latest sales data comes as the British Retail Consortium (BRC) reported consumer confidence in the state of the economy over the next three months had improved 8 points to -36. Sales volumes rose 1.2% last month, up from a flat 0.1%

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Hy-Vee RMN Deploys Carrot Ads Solution; Instacart Extends Ad Placements to Smart Carts

Retail TouchPoints

The 570 -store Midwestern supermarket retailer Hy-Vee will expand its partnership with Instacart by adopting the platforms Carrot Ads solution. The expansion, which will begin in April 2025, allows advertisers to reach consumers at key points in the shopper journey.

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Explainer: Why Is France Struggling To Lower Supermarket Prices?

Retail Wire

France’s Finance Minister Bruno Le Maire is urging the country’s supermarkets and suppliers to accelerate price cuts as consumers struggle with rising food costs and inflation. Although a pledge was made by 75 top food companies to cut prices in July, only about 40 have followed through.

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Supply chain issues to worsen as virus impacts transport sector

Inside Retail

Between a third and half of transport workers are currently unable to work due to complications caused by Covid-19, according to the Transport Workers’ Union, putting major stress on the supply chain and leaving supermarket shelves bare. There is cartel-like behaviour, and this pushes prices up and increases demand.