1. Shopper & Customer

February consumer growth rates impacted by fewer discretionary purchases

Written by Posted on Less than 0 min read

Consumer card spending grew 5.9% year-on-year in February, below the latest CPIH inflation rate of 8.8%, owing to a reduction in discretionary purchases amidst the ongoing the cost-of-living squeeze. 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 …

This story continues at February consumer growth rates impacted by fewer discretionary purchases

Or just read more coverage at Talking Retail

View Original Article
Member since
Established in 2007, TalkingRetail.com brings you the latest news, analysis and information across the UK convenience and independent grocery retail sectors. Sister publication Independent Retail News is a monthly magazine for owners of independent convenience stores. Originally launched as Independent Grocer in 1981, the magazine changed its name to Independent Retail News in 1995. It provides must-have information that helps in the day-to-day running of stores and keeps readers up-to-date with the latest news and product information. The publications are brought to you by Metropolis Business Media, which also runs a number of leading annual awards events including The Retail Industry Awards, The Quality Food Awards and The Quality Drinks Awards. These prestigious ceremonies recognize the top performers across both the independent and multiple sectors, and are judged by a highly respected and influential group of independent top industry judges. https://www.talkingretail.com/
Do you like Talking Retail's articles? Follow on social!

More from Talking Retail

  1. CPG: Food & Bev

Promotional feature Boost your sales by tapping into the demand for spicy snacks

PepsiCo explores the rising demand for spicy snacks amongst UK consumers, why working together is key to maximise the growth opportunity NPD has to offer, and how momentum can be maintained in the months ahead. Heating up the Savoury Snacking category Snacking remains hugely popular… This story continues at Promotional feature Boost your sales by […]
< 1 min read
0
  1. Trends & External Forces

Heineken presents new global campaign ‘The First Ahhh’

‘The First Ahhh!’ will run worldwide throughout the year with a series of activations intended to drive awareness for the brand’s premium quality credentials across the Heineken portfolio – Heineken Original, Heineken Silver and Heineken 0.0. The global integrated campaign ‘The First Ahhh!’ aims to… This story continues at Heineken presents new global campaign ‘The […]
< 1 min read
0
  1. Channel: Convenience

New VP convenience retail appointment among BP leadership team changes

BP has announced changes to its UK retail leadership team with the appointment of Jo Hayward as VP mobility & convenience retail and Natalie Cattermole as senior dealer manager. These changes come at a pivotal time for BP as it looks to grow its UK… This story continues at New VP convenience retail appointment among […]
< 1 min read
0
  1. Trends & External Forces

Aston Manor launches retailer competition

To recognise the return of ‘Straight Outta Crumpton’ to screens this spring, Crumpton Oaks brand owner Aston Manor Cider is launching a retailer competition. The prize package will include a Crumpton Oaks branded chiller worth over £2,000, along with stock of the apple cider brand.… This story continues at Aston Manor launches retailer competition Or […]
< 1 min read
0
  1. Uncategorized

Captain Morgan unveils ‘Why You Whying’ campaign

First global campaign for Captain Morgan Spiced Gold 0.0% sees Nick Fraser’s meme ‘why you lying’ re-recorded as ‘why you whying’. Captain Morgan unveils its global ‘Why You Whying’ campaign to support the launch of Captain Morgan Spiced Gold 0.0%. The TVC and digital campaign challenges the negative societal pressure of being asked ‘why aren’t […]
< 1 min read
0
  1. International

Sainsbury’s reports positive first half performance

Sainsbury’s, the UK’s second largest supermarket, has announced its first half results today (2 November) showing like-for-like sales (excluding fuel) up 8.4%. The group’s grocery sales are up 10.1% and strong results for its convenience Local format were also reported. The group now expects FY23/24 underlying profit before tax of between £670m and £700m, raising […]
< 1 min read
0
  1. Channel: Convenience

BP signs new five-year fuel supply agreement with Rontec

BP has signed a new agreement with Rontec, one of the UK’s largest roadside retail networks, to provide its market-leading fuels for the next five years. The deal covers 66 of Rontec’s sites across England and Wales, 64 of which BP currently supplies, expanding the agreement with two new sites. The collaboration with Rontec supports […]
< 1 min read
0
  1. Data & Insights

Navigating the National Living Wage hike Viewpoint: Damon Anderson

A recent survey conducted by my company, Employment Hero, involving 540 leaders of small and medium-sized enterprises (SMEs,) revealed that retailers are the least optimistic about significant growth this year. Only 19% of them are “extremely confident” in their business’s potential for expansion. This group… This story continues at Navigating the National Living Wage hike […]
< 1 min read
0
  1. Trends & External Forces

Up in smoke In focus: Smoking and smoking alternatives

Despite battling against a constant barrage of new legislation, this category remains resilient. Worth £14bn each year (before tax), smoking and smoking alternatives offer significant value for convenience store retailers, not only for the revenue they bring in themselves, but also as a driver of… This story continues at Up in smoke In focus: Smoking […]
< 1 min read
0
  1. Trends & External Forces

Hellmann’s launches limited-edition UEFA Euro 2024 bottles

As the official BBQ Partner of UEFA Euro 2024, Hellmann’s is launching limited-edition bottles across 12 SKUs including mayonnaise, tomato ketchup and its flavoured range, to drive sales and trial throughout the six months of BBQ season. The themed bottles, which the brand will launch… This story continues at Hellmann’s launches limited-edition UEFA Euro 2024 […]
< 1 min read
0
  1. Department: Nonfood

Postmasters shouldn’t rush to take ownership of Post Office says ParcelHero

The government is reportedly holding a meeting today (7 February) between business minister Kevin Hollinrake and representatives of the co-operative movement, union officials and other stakeholders, to revive plans to mutualise the Post Office. The move follows the public outrage since the airing of ITV… This story continues at Postmasters shouldn’t rush to take ownership […]
< 1 min read
0
  1. Trends & External Forces

Vape recycling facilities for stores could be mandatory under new regulation

During Talking Retail’s new podcast ‘The future of vaping’ it was revealed that new regulation could be imminent which will require stores to offer some kind of recycling facility regardless of turnover. Talking about vape recycling at stores, One Stop retailer Sunder Sandher said: “[It’s… This story continues at Vape recycling facilities for stores could […]
< 1 min read
0
  1. Trends & External Forces

Staying on the ball Editor’s comment

It’s never easy being an independent retailer and, as our Big Story illustrates, the next 12 months will be no exception. Amid all the challenges detailed by our industry experts, the one that really stands out for me is around tobacco and vaping. Long a… This story continues at Staying on the ball Editor’s comment […]
< 1 min read
0
  1. Stores & Formats

Thousands of c-stores at risk unless chancellor acts on energy costs, says ACS

The Association of Convenience Stores (ACS) has warned that almost 7,000 independently owned local convenience stores could be at risk of closure if the chancellor doesn’t act in the Budget to target further support on energy costs. Convenience stores that signed fixed contracts during the height of wholesale prices (Q3/Q4 2022) are those most likely […]
< 1 min read
0
  1. Trends & External Forces

New look for Mary Berry’s Dressings

The Mary Berry’s Dressings range has unveiled a new look in time for the summer. The new packaging includes illustrations of fresh salad ingredients in a colourful roundel, which is replicated across the different dressings in the range. The two-tone design, set against bright white,… This story continues at New look for Mary Berry’s Dressings […]
< 1 min read
0
  1. Department: Adult Beverage

Glen’s Vodka gets refreshed identity as new markets are targeted

Popular Scottish vodka Glen’s has undergone a brand redesign to help pave the way for growth into new markets. Owners The Loch Lomond Group turned to Glasgow-based creative agency Thirst to orchestrate Glen’s brand evolution as it targets a more serious end of the market, celebrating its Scottish provenance. The iconic brand was launched in […]
< 1 min read
0
  1. Department: Adult Beverage

Baileys launches Strawberries & Cream Truffles ahead of Valentine’s Day

Irish chocolatier Lir Chocolates is expanding its Baileys chocolates range this Valentine’s Day with the launch of Strawberries & Cream Truffles. The truffles comprise a blend of strawberries and cream flavour filling with Baileys Irish Cream Liquor, encased in a milk chocolate shell. Available from wholesalers, including Cotswold Fayre, as well as Asda stores nationwide, […]
< 1 min read
0
  1. Department: Food

Fatherson Bakery announces Valentine’s cake range

Fatherson Bakery has launched a Valentine’s range for 2023, inclusive of a chocolate heart-shaped cake and an assortment of cupcakes. The range will be in store from early February across the UK, including Londis, Co-op, Budgens and Spar. Made for sharing, Fatherson Bakery Chocolate Heart Sharing Cake is layered with red velvet icing and has […]
< 1 min read
0
  1. Corporate Purpose

Nisa MD among new trustees on the board of Co-op’s charity

Co-op’s charity, the Co-op Foundation, has welcomed Co-op and Nisa colleagues to its board of trustees to help continue the success of its five-year strategy, Building communities of the future together. Mahalia Flasz, Co-op portfolio insight analyst; Jane Waters, head of finance, risk & governance for Co-op Insurance; Peter Batt, managing director of Nisa; and […]
< 1 min read
0
  1. Department: Adult Beverage

New ‘Cuban Mode’ campaign from Havana Club

Rum brand, Havana Club, is back with a new campaign which heroes its full portfolio, called ‘Cuban Mode’. The campaign aims to recreate the Cuban spirit or ‘La Cubanía’ by combining iconic landmarks with vibrant party scenes through an unexpected journey across a Cuban home. From the moment the doors open and you are invited […]
< 1 min read
0
Next