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Top Retail Sector News

Bank of England cuts rates but sees higher inflation after Reeves' budget
Rachel Reeves · United Kingdom

Bank of England cuts rates but sees higher inflation after Reeves' budget

46% Right coverage: 33 sources
The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget. See the Story
The Range closes in on chunk of Homebase in pre-pack sale
Europe · United Kingdom

The Range closes in on chunk of Homebase in pre-pack sale

57% Center coverage: 19 sources
The Range, the privately owned general merchandise retailer, is closing in on a deal to snap up a large chunk of Homebase which will save close to 1,500 jobs but raise doubts about at least 1,700 more. See the Story
Sainsbury's to rival Aldi in small stores after price gap criticism
Europe · United Kingdom

Sainsbury's to rival Aldi in small stores after price gap criticism

64% Center coverage: 11 sources
Sainsbury’s has said it will match the price of up to 200 Aldi products in its smaller stores as it battles rivals to get more customers in its convenience stores. Shopping locally for groceries may be handy but people who rely on convenience stores can end up paying far more.See the Story

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