UK consumer Confidence Affected due to Inflation
UK consumer confidence slipped by nine points in October, making it the largest month-on-month drop in over three years. Market research company GfK’s Consumer Confidence...
Tag : inflation
Orders from US, EU, UK Slowdown, Exporters in Crisis
The apparel industry is going through one of the most challenging times. The impact of recession, post covid slowdown, war in Ukraine and inflation in...
Inflation Fails to Dampen Sales of Inditex
Zara’s owner Inditex first-half sales and profits hit historic highs, both surging 24.5%. With group sales up to 11% in constant currency from August to...
Tariffs Denting American Economy & Causing Inflation :NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
£30 for Shopping?
Consumers Set Targets to Fight Inflation…. The UK is facing the worse cost-of-living crisis in decades and it’s changing the shopping trends. Mintel research shows...
Inflation hits retail sales globally
Global retailers have significantly trimmed down their profit projections, sighting raw material inflation and removal/reduction of stimulus, dampening the outlook. The Russia-Ukraine war has led...
Tariffs Denting American Economy & Causing Inflation: NRF
National Retail Federation has written a letter of request for immediate tariff relief to address the ongoing inflation facing American businesses, workers and consumers. According...
Inflation Affects Profits of Abercrombie & Fitch Co
Abercrombie & Fitch Co recently announced its annual forecasts for sales and margins and posted a surprise quarterly loss due to a surge in freight...
Surat Textile Industry Facing Tough Times
The steep rise in costs of raw materials and the shortage of chemical agents, has forced processing houses to run fewer shifts. Weaving and processing...
ASOS Asks for 2% Discount from Suppliers
Asos has written to suppliers to ask for a 2% trade discount to offset the impact of inflation that has affected a lot of retail...