Inflation

Retailers, Wholesalers Have Limited Capacity To Help Consumers With Inflation: EuroCommerce

EuroCommerce has said that the capacity of the sector to cushion the impact of inflation on consumers is limited and urged for help from national governmen...

UK Households £142 Worse Off In October Versus Last Year: Asda

The average British household was £142 (€163.7) worse off in October year-on-year, mainly due to the steep rise in energy costs, according to su...

Caterer Compass Expects 2023 Profit Growth To Top 20%

Contract caterer Compass Group expects profit growth to be more than 20% in 2023 and margins to be above 6.5%, after reporting a surge in financial year 20...

UK Retail Sales Recover Only Partially As Outlook Darkens

British retail sales staged only a partial rebound last month after shops closed in September for the funeral of Queen Elizabeth, and they remained below t...

Target Posts Decline In Profit, Warns Of Grim Holiday Season Sales

Target Corp forecast a surprise drop in holiday-quarter sales, blaming surging inflation and "dramatic changes" in consumer spending for a drop i...

Premier Foods Posts Higher Half-Year Adjusted Profit, Cites Price Pressures

Premier Foods has reported a rise in half-yearly adjusted profit thanks to strong demand for its cakes and grocery products, while flagging further price p...

Walmart Expects Smaller Drop In Annual Profit, Announces $20bn Share Buyback

Walmart Inc has forecast a smaller fall in annual profit as demand for groceries holds up despite higher prices, while discounts on clothing and electronic...

Walmart, Target Results Will Tell How Gloomy Holidays Could Get For Retailers

Walmart and Target results this week are likely to show that major retailers are heading for a turbulent holiday season as rampant inflation has made every...