Inflation
This coverage explores how inflation impacts the UK petcare industry, from rising supply chain costs to shifts in consumer spending. Pet Gazette reports on price trends, cost pressures for retailers and wholesalers, and strategies businesses are using to protect margins and maintain competitiveness. Coverage includes economic analysis, expert commentary, and case studies showing how inflation affects product pricing, sourcing, distribution, and overall market performance across the pet retail and supply sectors.
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Nov- 2018 -1 NovemberBusiness
Bank of England puts hold on interest rates due to Brexit uncertainty
The Bank of England has placed interest rates on hold following growing uncertainty around Brexit. A vote to leave rates unchanged held by the bank’s Monetary Policy Committee (MPC) was in favour of leaving rates at 0.75% by 9-0. Financial markets are currently indicating that rates will not rise until…
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May- 2018 -18 MayRetailers
Online retail jumps 19 percent in April
UK online retail sales went from strength to strength in April, up 18.8 percent year-on-year (YoY) according to the latest figures. The IMRG Capgemini e-Retail Sales Index showed it was the highest YoY increase since November 2016, despite the dampening effect of Easter falling in March this year. There was…
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14 MayRetailers
Retail consumer spending sees sharpest drop since 2012
Consumer spending has suffered its sharpest drop in six years, according to Visa’s latest consumer spending index. Spending in-store fell by 5.4 percent in April when compared to the same period last year, while overall consumer spending fell by two percent, matching March’s year-on-year figures. Online spending was also down…
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4 MayRetailers
43,000 retailers in ‘financial distress’
Nearly 43,000 retailers ended the first quarter of the year in a state of ‘significant’ financial distress, according to research from insolvency firm Begbies Traynor. Its ‘Red Flag Alert’ research for Q1 2018, which monitors the financial health of UK companies, found the number of firms in the category was…
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Apr- 2018 -9 AprilBusiness
Small firms hit by pension auto-enrolment scheme, claims FSB
Small firms and startups will be “hit the very hardest” by the doubling of auto-enrolment employer pension contributions, according to the Federation of Small Businesses (FSB). From 6 April 2018, the minimum amount employers must by law pay into workplace pensions increased by 2% of qualifying earnings, whilst staff contribute…
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Mar- 2018 -28 MarchRetailers
Online retail orders on the up
Online retail delivery order volumes were up seven percent year-on-year in February, according to the latest data from the IMRG MetaPack UK Delivery Index. The month-on-month drop from January in terms of volume was expected, though the 21 percent decline was sharper than it has been over recent years. This…
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12 MarchIndustry News
Retail footfall drops in February
Retail footfall decreased by 0.5 percent in February 2018, and is a major decline compared with the rate of 1.0 percent seen the previous year. According to the British Retail Consortium (BRC) this figure is better than the three-month average of -2.0 percent and the twelve-month average of -0.7 percent.…
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6 MarchBusiness
Consumer spending grows 3.8 percent, outstripping inflation
Consumer spending growth held steady in February – up 3.8 percent year-on-year and in line with the three-month rolling average (3.9 percent) – as consumers made small adjustments to their budgets to make room for the ‘nice-to-haves’. Data from Barclaycard shows that supermarket spending (3.2 percent) returned to levels seen…
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Feb- 2018 -20 FebruaryRetailers
UK online retail sales see 13.9 percent YoY growth
UK online retail sales were up 13.9 percent year-on-year (YoY) in January, according to the latest figures from the IMRG Capgemini e-Retail Sales Index. With rainfall above average in January, and the lowest January high street footfall recorded in five years, consumers turned to online shopping in the beginning of…
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19 FebruaryBusiness
Dog walking one of the most popular ‘side hustles’
Dog walking has become one of the most popular ways for Brits to earn extra cash, according to new research. Commissioned by Oddsmonkey, the information revealed that Brits are using ‘side hustles’ such as dog walking and renting out the spare room to help cover the cost of living. As the annual…
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