Marks & Spencer UK

UK Retailers Enjoy ‘Solid’ Start To 2025 – BRC

British retailers reported a reasonable start to 2025 after a disappointing 2024 but remain concerned about rises in employment costs.

UK retailer Marks & Spencer said that the boss of its clothing division Richard Price is leaving to pursue a portfolio career.

The UK saw growth in food sales as customers turned to cooking from scratch as they battled cost of living concerns, according to NIQ.

A set-up in UK supermarket promotions meant grocery inflation edged lower in January following four straight months of rises.

Tesco UK plans to cut about 400 jobs from its stores and head offices, seeking efficiency savings to invest in its business.

Tesco CEO Ken Murphy spoke about the role of tech in business at the Charted Accountants Ireland annual dinner in Dublin on Friday.

Pepco Group has said the performance of its struggling Poundland business in the UK deteriorated in the Christmas quarter.

Two-thirds of British retailers will raise prices this year in response to higher costs, a survey by the BRC showed on Wednesday.

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