Category Archives: Retail industry

Has Britain become a country of shoplifters? – podcast

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Shopkeepers complain the number of thefts from stores is soaring. Is the cost of living crisis to blame or organised gangs?

It could be laundry tablets, lipstick or even baby milk. According to shopkeepers in the UK the number of thefts is rising. The British Retail Consortium said there were 8m instances of theft from shops last year, which cost businesses nearly £1bn. The Office for National Statistics reports a 22% rise.

For shop assistants and managers it is a daily struggle, which can be costly and infuriating – but what’s behind it? The Guardian’s North of England editor, Helen Pidd, spoke to shopkeepers on one Manchester street to see how they were coping, and spent the day in a magistrates court to find out what happens when a shoplifter is caught. She explains how organised crime may be a factor behind the rise.

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UK supermarket food prices up by more than 25% in two years, says Which?

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Retailers should be forced to display detailed price information on loyalty card deals, says consumer group

Supermarket food prices have increased by more than 25% over the past two years according to the consumer group Which?, with the size of the rise reinforcing the case for retailers to be forced to display detailed price information on loyalty card offers and promotions so shoppers can find the best deal.

Which? said the government needed to close loopholes that result in “confusing and inconsistent” pricing practices of some supermarkets. Last month it reported Tesco to the UK’s competition watchdog because it does not provide unit prices – such as the price for each 100g or 100ml – for the loyalty card offers it uses as a sales tactic to pull in shoppers.

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Food inflation starting to fall, says Sainsbury’s as sales rise

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Like-for-like sales up 9.8% in quarter and supermarket says it has put more than £60m into cutting prices of basics

Food inflation is starting to fall, according to the boss of Sainsbury’s, who said shoppers were putting more items in their baskets as it began to cut prices on some basics.

Simon Roberts, the chief executive, said the supermarket was “putting all our energy and focus into battling inflation” as household budgets were “under more pressure than ever”.

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M&S offers money off children’s clothes in exchange for used school uniforms

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Promotion is designed to help parents who are struggling to afford clothes amid cost of living crisis

Families are being offered money off children’s clothes in Marks & Spencer if they donate school uniform hand-me-downs, as part of a push designed to help parents struggling to afford them amid the cost of living crisis.

The second-hand uniform collected will be sold via Oxfam’s high street chain as well as via a new “back-to-school” eBay shop. The tie-up is an extension of M&S’s existing “shwopping” partnership with Oxfam, in which customers drop off old clothing in exchange for loyalty card perks.

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Shop price inflation easing, say top UK retailers before key meeting with MPs

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British Retail Consortium says figure eased to 8.4% in June from 9% in May

Britain’s biggest retailers have said shop price inflation is easing ahead of a crunch meeting with MPs on Tuesday over the soaring cost of groceries, but warned food prices were continuing to rise at near record rates.

The British Retail Consortium (BRC) said annual inflation in overall shop prices eased to 8.4% in June, down from 9% in May, as retailers cut the price of many staples including milk, cheese and eggs. Clothing and electrical goods prices also fell ahead of the summer holidays.

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Primark owner upgrades profit outlook as inflation fuels jump in sales revenue

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Associated British Foods says group sales rose by 16% with Primark saying rises supported by steeper prices

The owner of Primark and food brands including Twinings has upgraded its profit forecast for this year as sales revenue jumped thanks to inflation-fuelled price increases and as shoppers bought summer clothes.

Associated British Foods, which also owns brands including Ovaltine as well as a sugar business, said that group sales rose by 16% to £4.7bn in the three months to 27 May. Sales at Primark were up by 13% to nearly £2bn.

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Investigation reveals UK’s freshest and least fresh online groceries

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Shoppers for consumer group Which? ordered 1,800 items to test the average shelf life at six retailers

From out-of-date frankfurters to bashed brie, online food shopping can be a lottery, especially when it comes to the groceries’ shelf life, according to an investigation by the consumer group Which?.

Groceries delivered by Sainsbury’s were found to have the shortest average time left before their use-by dates, according to the items received by a team of 12 mystery shoppers located around the UK.

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Why is inflation in the UK worse than in other major economies?

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While the rate has fallen from its October peak of 11.1%, the figure for May is expected to stay stubbornly high

UK inflation is expected to have remained stubbornly high in May despite a string of forecasts earlier this year predicting a sharp fall in response to tumbling energy prices.

Official figures are expected to show on Wednesday that the UK’s consumer prices index (CPI) eased slightly last month, to 8.4%, from 8.7% in April.

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Grocery inflation in Great Britain eases to 16.5% but remains high

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Supermarket inflation slows to lowest rate this year, although households still under pressure

Supermarket inflation in Great Britain has eased to its lowest level this year but remains high, forcing people to change how they eat and cook as household budgets are strained, according to the data firm Kantar.

Grocery inflation declined to 16.5% in the four weeks to 11 June, down from 17.2% last month and a record 17.5% in March. It remains at its sixth-highest level since the financial crisis in 2008, Kantar said.

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Ban on two-for-one junk food deals to be delayed for two more years

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Rishi Sunak says he is suspending anti-obesity measure to avoid restricting consumer options during cost of living crisis

The government is to delay its planned ban on two-for-one junk food deals – a key anti-obesity measure – for another two years amid the cost of living crisis.

Rishi Sunak will shelve the expected measure targeting multi-buy promotions on products high in fat, sugar or salt (HFSS) to avoid restricting consumer options while prices remain high.

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Tesco boss: food inflation has probably peaked but prices will stay high

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Ken Murphy says higher costs of grocery imports because of Brexit are partly to blame for rising prices

The chief executive of Tesco has said food inflation has probably peaked but warns that prices are likely to stay high.

Ken Murphy, the head of the UK’s biggest supermarket chain, said the price of milk, bread, cooking oil and some vegetables such as broccoli had come down this month but inflation continued in other essentials, including rice and potatoes, as aweather issues and locked-in increases in the price of labour and energy continued to bite.

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Pyrex and Instant Pot maker files for bankruptcy protection in US

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Instant Brands, which blames rising interest rates for financial problems, will continue to serve retailers

The maker of Pyrex kitchenware and the Instant Pot pressure cooker has filed for bankruptcy protection, blaming rising interest rates for its financial difficulties.

Instant Brands, controlled by the private equity investor Cornell Capital, said late on Tuesday it had filed for Chapter 11 bankruptcy protection in the Southern District of Texas, as it tries to restructure liabilities of as much as $1bn (£790m).

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BA, Boots and BBC staff details targeted in Russia-linked cyber-attack

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Hack attributed to criminal gang hit MOVEit software used by third-party payroll provider Zellis

British Airways, Boots and the BBC are investigating the potential theft of personal details of staff after the companies were hit by a cyber-attack attributed to a Russia-linked criminal gang.

BA confirmed it was one of the companies affected by the hack, which targeted software called MOVEit used by Zellis, a payroll provider.

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Rise in UK breweries going bust amid thirst for cheaper craft beers

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45 breweries, mostly smaller makers, enter insolvency in last 12 months, up from 15 the previous year

The number of UK breweries going out of business has tripled in the past year, with smaller craft beer manufacturers most at risk as consumers opt for cheaper options during the cost of living crisis, according to research.

In total, 45 breweries entered insolvency in the 12 months ending 31 March, compared with 15 in the previous year, according to the most recent official Insolvency Service statistics analysed by Mazars, an audit, tax and advisory firm.

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No point in food price measures without targeting small stores, Which? warns

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Consumer group tells chancellor ‘blanket approach’ will not address poor households’ access to affordable food

UK ministers’ efforts to reduce soaring food shopping bills “won’t touch the sides” without measures to make small grocery stores more affordable for low-income households, the chancellor has been warned.

Which?, the consumer group, has written to Jeremy Hunt over concerns that a blanket approach to lowering supermarket bills will not address the problem of accessibility to affordable food, after reports that ministers are considering a voluntary price cap scheme.

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UK supermarkets cut diesel prices by 7p a litre after watchdog concerns

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Reduction follows CMA plans to grill executives about ‘sustained higher margins’ but RAC says retailers should go further

Supermarkets have cut more than 7p a litre from the price of diesel since the UK’s competition watchdog warned it would question retail bosses about unnecessarily high forecourt prices, according to the RAC.

The motoring group found that the average price of diesel fell by 7.44p a litre, from 151.02p two weeks ago to 143.58p this week, after the Competition and Markets Authority (CMA) raised concerns that retailers were making “sustained higher margins” from sales of diesel.

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Why it’s not quite back to the 70s with talk of food price controls

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Statutory caps were brought in under Heath, now the government wants a voluntary store scheme to meet Sunak’s pledge to halve inflation

A cost-of-living crisis. Pressure on the government to step in to help hard-pressed consumers. Calls for supermarkets to cut prices on staple food items. Substitute Rishi Sunak for Ted Heath, step into a time capsule and journey back to Britain in 1972.

Let’s be clear: ministers are not considering imposing the sort of statutory price controls on a loaf of bread, a pint of milk or a bar of soap that were put in place half a century ago. Not now and not ever, according to Whitehall sources. But it has emerged that Sunak and his team are certainly not averse to the big supermarkets coming up with their own voluntary agreement to reduce the cost of the weekly shop.

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UK food inflation falls in May, raising hopes prices may have peaked

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British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop prices hits fresh high

Food inflation in the UK fell in May, lifting hopes that the rapid increase in grocery prices may have reached its peak after keeping the broader consumer prices index painfully high so far this year.

After more than a year of sharp increases in the price of food, the British Retail Consortium (BRC) said annual food inflation eased this month from 15.7% to 15.4%, even as the overall rise in shop prices hits a fresh high.

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Nationals push for $10m fines and ability to break up Coles and Woolworths if they abuse market power

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Exclusive: David Littleproud says former Coalition government was ‘too slow’ on compulsory grocery code of conduct

David Littleproud has offered to help Labor bolster competition law protections for farmers and suppliers in a bid to prevent potential abuses of market power by Australia’s big supermarkets.

The Nationals leader proposes making the grocery code of conduct compulsory, boosting penalties to a “punitive” $10m maximum and adding powers to break up grocery giants in the event of misconduct.

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Co-op members and board at odds over AGM vote on chicken welfare

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Motion to adopt Better Chicken Commitment carried by 96%, but directors cited need for low prices

Feathers are flying at the Co-operative Group after thousands of its members voted to improve welfare for chickens reared for meat at the annual meeting on Saturday – but were partly overruled by the company’s directors, who said they wanted to keep prices down.

A motion led by the Humane League UK campaign group asked the mutual to adopt the Better Chicken Commitment (BCC) – a set of standards adopted by the likes of Waitrose, Marks & Spencer and the Greggs bakery chain – and report on welfare improvements in a year’s time. It was supported by 96% of the 32,000 Co-op members who voted at the AGM.

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