As a new academic year begins, students will need sustenance and will be stocking up – so be sure to be ready to greet the hungry rush now Mum’s not around
The early autumn brings the start of a new academic year at universities and colleges, a time of excitement for the students, and for the vast majority, the first time they will have lived away from home, having to feed and look after themselves, perhaps lacking cooking skills and the time to cook, as they will be spending their time studying and socialising. This is where you come in.
Students are therefore in many ways the ideal customers for the convenience channel, or perhaps the c-channel was invented for them.
Typically, the busy and distracted student will not be doing a weekly shop at the local hypermarket. Instead, and without being at all patronising (we were almost all students once upon a time!), the idea of a meal will occur to them a few seconds after the stomach transmits a hunger pang to the brain.
This means that frequently, the average student will be buying little and often, making local shopping expeditions – including many more distress missions than for a settled household – to pick up basic ingredients and simple foodstuffs, such as noodles, fruit, soft drinks, beer, instant meals, cereals, milk and pastries, cleaning materials (occassionally) and perhaps some OTC meds as the weather grows cooler. Add snacks and beer to that, of course, and food to go is probably a good bet as well, when a quick hot fix is needed.
“One of the best-selling things for students in particular are the meal and combos kind of thing, a sandwich, a drink, and a packet of crisps, they're the best things to sell to students,” says Bobby Singh of Holmfield Lane Superstore and Post Office.”
He is keen on supplier support to energise further this great source of sales with promotions and deals:
“They should be giving us retailers good deals or combo deals where we do try and promote and put like a meal together for students etc. They can support us further by providing some kind of incentive to discount to support these meal deals.”
Students often choose premium priced products because they are the among the most brand-conscious sectors of society, and with relatively little experience of catering for themselves, they might well go with what they recognise from home and therefore trust.
With busy and active social lives, as well as studying pressures, students look for quick and easy meal solutions that fit around university life – and with its concentration on impulse, convenience, quick fixes, treats and fun, as well as essentials, all to hand in one compact space, you can make your store a Shangri-La for undergraduates.
Save the Student discovered that the average student spends £133 a month on groceries, the second largest outgoing next to rent (£439 average).
While some may think this essential payment is expensive, it’s actually cheaper than it appears; £31 a week or even more impressive £4.43 a day.
By offering money-saving products that compromise on nutrition, portion size and quality, the convenience sector can supply everything a university goer needs within each meal.
Food for fuel!
Basics such as rice, pasta, baked goods – including pastries such as croissants and long-life rolls and bread from the c-channel experts Baker Street and St. Pierre Groupe – are essential for bringing in the student on a regular basis. So are noodles, with Pot Noodle probably the national flag of the undergraduate. But with an increasingly international student population, and with the home population ever more interested in World Cuisine rather than just beans on toast, it is worth stocking more exotically-flavoured fare, such as Empire Bespoke Foods’ new Master Cook “Asia" collection of authentic, easy-to-cook meal kits, noodles and condiments inspired by the evocative flavours and recipes of Japan, Korea and India (RRP: from £1 – £3.75).
The range comprises four easy to prepare Japanese meal kits (Katsu Curry, Sesame Teriyaki, Curry Udon and Yaki Soba), plus Ramen, Udon and Sobadry noodles (ideal for soup or stir-fries), Soy sauces (Premium, Dark and Light), Ramen Broth and Classic Kimchi (spicy fermented vegetables). The meal kits and the condiments (excluding Ramen broth) are all suitable for vegan and vegetarian diets.
“Our long-standing relationships with the finest Asian suppliers have helped us create this truly authentic and high-quality range,” commented Upuli Ambawatta, brand manager at Empire Bespoke Foods.
“For consumers, the kits help deliver authentic and delicious meals while empowering them to confidently explore bold Asian flavours without spending excessive time or effort in the kitchen,” added Upuli. “For retailers, the range offers a valuable opportunity to make the most of growing consumer demand for high quality authentic Asian meals and convenient ‘at home’ taste adventures.”
Quick-cook rice is a must for the student pantry, and Ben’s Original is entering its fifth consecutive year of collaborating with Stand Against Hunger in partnership with the Trussell Trust – as the pair continue to stand together for a future where no one in the UK needs to rely on food banks.
In an approach that will appeal to students, Ben’s Original believes everyone should have a seat at the table and have access to nutritious food. However, for many families across the UK, not being able to afford food is a stark reality, reflected in the shocking 94 per cent increase in the number of emergency food parcels distributed by the Trussell Trust food banks compared to five years ago.
Still on this month, Ben’s Original is running its nationwide in-store campaign in partnership with the Co-op to enable shoppers to actively contribute to making a difference, the business has pledged to donate 10 pence for every pack of Ben’s Original Egg Fried Rice, Golden Vegetable, Spicy Mexican or Savoury Chicken purchased in-store during the activation period.
The chilled and frozen aisle (see the feature in this issue) should of course have plenty of protein , but also student standbys such as pizzas, fish fingers and quiches – bear in mind that vegetarianism and veganism are rising among young people, so it is definitely worth stocking a plant-based section if you expect a lot of student footfall.
New products such as the SRSLY Low Carb non-meat range, including spaghetti Bolognese (£5.99 for 370g meal), can appeal greatly to students. The remit was to include a significant low-carb twist, banishing any excess sugar to rethink a classic that boasts only 17.9g of carbs Vs the 50-60g you’d expect from with a similar-sized portion of traditional spag bol.
Student drinks – students drink!
Of course students drink! And it is obvious that a fine beer and wine selection will stand a retailer in good stead during term-time.
A couple of caveats regarding ranging, however. First of all, RTDs – especially cocktails and mixes such as Coca-Cola and Jack Daniels – have become wildly popular over the past couple of years (sort of since lockdown wound down and the taste for on-hand cocktails it had nurtured, endured), and the choice from companies such as White Claw, Four Loko and -196 (from Suntory) have opened a new world of chilled, c-store choice and flavour. Likewise, bottled ready-to-drinks such as WKDs range, perennially popular with students, should be prominent in the chiller and stacked beside.
Along with traditional beers, it is worth reiterating what we said last year, that the march of low and no alcohol beverages – especially beers – goes on. Be sure to make the most of the margins here by ensuring you stock more than the obligatory selection of a couple of zero beer brands, and look at all the possibilities offered now to the “sober-curious” – with many of them among the student demographic, apparently.
Relevant here is the fact that we have just learned Non-alcoholic Guinness could one day “outsell the real thing” amid a surge in demand from health-conscious younger drinkers (according to an executive at Diageo).
Guinness 0.0 makes up three per cent of all global sales of the Irish stout brand. Asked whether the alcohol-free alternative could overtake the original, Diageo marketing director Anna MacDonald said, “I think it’s possible. The trend [for non-alcoholic beer] is accelerating more than we thought. It is probably slightly more pronounced within the younger generation – health and well-being is a big trend.
The no and low alcohol segment continues to grow in the country despite the volume sales decline in alcohol category (don’t worry – it's partly because of a rise in premiumisation). According to new research from IWSR, while total beverage alcohol volumes in the UK declined by two per cent between 2022 and 2023, the overall no and low-alcohol segment saw volume growth of 47 per cent (2022 to 2023), with forecast volume CAGR of 19 per cent (2023 to 2028).
Patrick Finlay, Managing Director of The Category Management Company, said of the trend for low and no alcohol that it “has been emerging slowly over the past decade but has accelerated for several reasons, not least the Gen Z cohort growing its demand for taste variety, convenient formats, and healthier propositions.”
That includes a lot of students, so stock accordingly – as well as zero versions of soft drinks. And energy drinks are essential for late night study (or gaming) sessions. Monster has just unveiled a Nitro Cosmic Peach for its Additions range, which has delivered more than £38.5m over the last year and is now available in a £1.49 price-marked-pack nationwide. Variety is the spice of energy drinks, they say, so ensure you have a wide range of flavoursome choices.
And for breakfast and the whole day through, students will love to pick up chilled coffee drinks, milk drinks and milkshakes – good for nutrition and hunger (and even hangovers, we seem to recall).
Be sure to stock products such as Yazoo’s HFSS-compliant, indulgent milkshake format: Thick N’ Creamy, The 300ml bottle comes in two flavours – Indulgent Chocolate and Creamy Strawberry – with on-pack visuals communicating the thick texture and creamy taste sensation waiting within.
“Within the flavoured milk sector, the indulgent subset is of growing consumer interest, and Yazoo’s position as number one, combined with Yazoo’s core 96 per cent brand awareness, means we are in the perfect position to bring light and lapsed buyers back into the category, and further boost its value," said Maren Fuhrich, brand manager at Yazoo, said. “After all, if anyone knows how to deliver a great tasting flavoured milk with wide appeal, it’s us!”
Crediton Dairy’s Arctic Coffee now has a closable lid which enhances on-the-go portability that Head of Marketing & Insight Abigail Kelly says is key to unlocking the revenue potential of Gen Z super-consumers in the ready-to-drink (RTD) chilled coffee category. By eliminating spillage and providing the option to enjoy the product over time, a closable lid reduces wastage and increases convenience. Nearly half (45 per cent) of 16 to 27-year-olds say it’s a top requirement when choosing a soft drink, putting it above brand loyalty (17 per cent) and even the purpose of the drink itself e.g. caffeine hit or refreshment (25 per cent).“Gen Z’s love RTD chilled coffee – they are some of the category’s biggest fans and offer retailers significant revenue potential,” said Abigail.
“The whole Arctic Coffee product range is made at Devonshire-based Crediton Dairy with Rainforest Alliance Certified coffee beans and features closeable lids. We match the pace of customers for on-the-go consumption and a choice of when – and when not – to sip.”
A new term begins...
It is not only convenience stores on or near traditional university campuses that stand to benefit from the new academic year: with colleges and institutions of further education in almost every town in the land, there is almost certainly a student population of some size and shape near to a majority of independent retailers.
“In general, merchandising is key,” Bobby Singh sums up – especially with students. “How you lay out your store, how you lay out your products is key for impulse buying. Whereas the normal shopper may want to walk around your store, have a look and take a little bit of time, students are very regular, and they know exactly what they want. The majority have limited time as well, so always merchandise for their needs.”
It is good to keep in mind that c-stores sit at the perfect juncture of remedies and comfort with their sales of OTC medicines – cough lozenges and therapeutic candies to clear the airways when the colds and sniffles come on with the Autumn.
Lip balms, tissues and headache pills are essentials for the shelves, but be sure to stock products to help alleviate symptoms, such as Fisherman’s friend and Jakeman’s.
Fisherman’s Friend is great for Hay Fever season, but equally good for the winter months, of course, and now comes in Honey and Lemon flavour, too.
Sales of the iconic lozenge soared by 12 per cent recently, and Jon R White, regional business manager for Fisherman’s Friend in the UK, said “Not only does Fisherman’s Friend allow retailers to offer a range of products which fit a huge variety of taste preferences – from Original Menthol & Eucalyptus all the way though to Cherry – our packs contain a high number of individual lozenges, offering relief for longer than many competitor brands.”
It’s perfect for student budgets, too. “In the current economic climate, where shoppers are looking to make savings any way they can, Fisherman’s Friend is therefore likely to be an even more appealing choice than ever before, further reinforcing its status as a must-stock brand,” he added .
Cough and throat lozenge brand Jakemans had a very good winter season last year, and their great name recognition and delightful packaging portends more success in this. Students suffer colds and get croaky just like everybody else; in fact, nearly six in 10 (59 per cent) people have experienced a voice-related health issue.
When remedying issues such as sore throat, hoarseness or loss of voice, throat lozenges are the most popular choice of treatment. Over half (55 per cent) will rest their voice as much as possible on the road to recovery, with 46 per cent keeping it hydrated. In both cases, Jakemans fits the bill.
Even if the freshers are not the biggest wave hitting your store this autumn, it is probably still worth thinking about the new (and returning) students, flush with their loans and keen to equip themselves for their new life experiences.
And of course, student sales are from school pupils as well, not only university students, in the sense that they will come into store looking for drinks, snacks and confectionery throughout the academic year – and then schoolkids even more so during the vacations (with time and pocket-money on their hands).
Again, whether near a campus or not, it is worthwhile to keep the idea of students front-of-mind because that demographic is a great impulse customer whenever and wherever: do your homework to win big sales!
UK retail sales rose less than expected in the runup to Christmas, according to official data Friday that deals a fresh blow to government hopes of growing the economy.
Separate figures revealed a temporary reprieve for prime minister Keir Starmer, however, as public borrowing fell sharply in November.
The updates follow news this week of higher inflation in Britain - an outcome that caused the Bank of England on Thursday to leave interest rates unchanged.
Retail sales by volume grew 0.2 per cent in November after a drop of 0.7 per cent in October, the Office for National Statistics said Friday.
That was less than analysts' consensus for a 0.5-percent gain.
"It is critical delayed spending materialises this Christmas to mitigate the poor start to retail's all-important festive season," noted Nicholas Found, senior consultant at Retail Economics.
"However, cautiousness lingers, slowing momentum in the economy. Households continue to adjust to higher prices (and) elevated interest rates."
He added that consumers were focused on buying "carefully timed promotions and essentials, while deferring bigger purchases".
The ONS reported that supermarkets benefited from higher food sales.
"Clothing stores sales dipped sharply once again, as retailers reported tough trading conditions," said Hannah Finselbach, senior statistician at the ONS.
Retail sales rose 0.2% in November 2024, following a fall of 0.7% in October 2024.
Growth in supermarkets and other non-food stores was partly offset by a fall in clothing retailers.
The Labour government's net borrowing meanwhile dropped to £11.2 billion last month, the lowest November figure in three years on higher tax receipts and lower debt-interest, the ONS added.
The figure had been £18.2 billion in October.
"Borrowing remains subject to upside risks... due to sticky interest rates, driven by markets repricing for fewer cuts in 2025," forecast Elliott Jordan-Doak, senior UK economist at Pantheon Macroeconomics.
Jacqui Baker, head of retail at RSM UK and chair of ICAEW’s Retail Group, commented that the later than usual Black Friday weekend meant November’s retail sales figures saw only a slight uptick as cost-conscious consumers held off to bag a bargain.
“Despite many retailers launching Black Friday offers early, November trade got off to a slow start which dragged on for most of the month. This was driven by clothing which fell to its lowest level since January 2022. The only saving grace was half-term and Halloween spending helped to slightly offset disappointing sales throughout November,” Baker said.
“As consumer confidence continues to build and shoppers return to the high street, this should translate into more retail spending next year. However, there are big challenges coming down the track for the sector, so retailers will be banking on a consumer-led recovery to come to fruition so they can combat a surge in costs.”
Thomas Pugh, economist at RSM UK, added: “The tick up in retail sales volumes in November suggests that the stagnation which has gripped the UK economy since the summer continued into the final months of the year.
“While the recent strong pay growth numbers may make the Bank of England uncomfortable, it means that real incomes are growing at just under 3 per cent, which suggests consumer spending should gradually rise next year. However, consumers remain extremely cautious. The very sharp drop in clothing sales in particular could suggest that consumers are cutting back on non-essential purchases.
“We still expect a rise in consumer spending next year, due to strong wage growth and a gradual decline in the saving rate, to help drive an acceleration in GDP growth. But the risks are clearly building that cautious consumers choose to save rather than spend increases in income, raising the risk of weaker growth continuing through the first half of next year.”
Dutch dairy collective FrieslandCampina has agreed to merge with smaller Belgian rival Milcobel, creating a leading dairy cooperative.
FrieslandCampina, whose brands include Yazoo and Chocomel, said the merger will provide the foundation for a future-oriented organisation that has dairy front and centre for member dairy farmers, employees, consumers, and customers.
The proposed merger is subject to approval by FrieslandCampina’s members’ council, Milcobel’s extraordinary meeting of shareholders, and antitrust authorities. The companies said member dairy farmers, employees, works councils and trade unions have been informed about the merger proposal.
Both companies, owned by dairy farmers for many generations, complement each other well in market positions and product portfolios. The merger offers further business development opportunities in market segments such as consumer cheese, mozzarella, white dairy products (such as milk, buttermilk, and yoghurt), and ingredients, as well as benefits in efficiency and expertise, for example in the area of sustainability.
“The combination of FrieslandCampina and Milcobel is bigger than the sum of its parts. It creates a future-oriented, combined dairy cooperative that is resilient and capable of capitalising on opportunities in the dynamic global dairy market,” said Sybren Attema, chair of the board of Zuivelcoöperatie FrieslandCampina.
“This strengthens our appeal to member dairy farmers, business partners and employees. Moreover, this step supports us in realising a leading milk price for our member dairy farmers, now and in the future.”
Betty Eeckhaut, chair of the board of Milcobel, said: “The cooperative philosophy, which is deeply rooted at both Milcobel and FrieslandCampina, is the bedrock for this proposed merger. Our goal remains to create added value for our member dairy farmers.
“Through our regional complementarity we will become the cooperative dairy partner of choice for current and new members, with a solid milk supply for a successful future. For employees, the new organisation provides great opportunities to grow in an international environment. For customers, this merger means more innovation, an expanded product portfolio and further professionalisation of our services.”
Based on the combined 2023 annual figures of FrieslandCampina and Milcobel - excluding Milcobel's Ysco business, which is in the process of being divested - the new, combined organisation has a pro forma revenue of more than €14 billion (£11.6bn) , operates in 30 countries, employs nearly 22,000 staff worldwide, and processes a total volume of approximately 10 billion kilograms of milk.
The boards of the cooperatives and executive management of the two parties have signed a framework agreement regarding the proposed merger. The companies aim to finalise a detailed merger proposal in the first half of 2025, which will then be discussed with the members of FrieslandCampina and the shareholders of Milcobel.
The UK government has pledged stronger measures to combat anti-social behaviour and shoplifting, which it acknowledges as serious crimes that disrupt communities and harm businesses.
Addressing a House of Lords debate on Monday, Home Office minister Lord Hanson detailed plans to abolish the controversial £200 shoplifting threshold and to introduce a new offence for assaults on retail workers.
“Anti-social behaviour and shop theft are not minor crimes. They cause disruption in our communities,” Lord Hanson stated.
“Shop theft in particular costs retailers across the nation millions of pounds, which is passed on to us as customers, and it is not acceptable. That is why, on shop theft, we are going to end the £200 effective immunity. For shop workers, we will protect them by introducing a new offence, because they are very often upholding the law in their shops on alcohol, tobacco and other sales.”
He also emphasised the government’s commitment to restoring visible neighbourhood policing, with 13,000 additional officers and Police Community Support Officers (PCSOs) planned, as well as piloting new “respect orders” to ban repeat offenders from town centres.
Later on Wednesday, the home secretary announced a £1 billion funding boost for police across England and Wales to restore neighbourhood policing. The money will include new funding of £100 million to kickstart the recruitment of 13,000 additional neighbourhood officers, community support officers and special constables.
The debate was initiated by Labour peer Baroness Ayesha Hazarika, who painted a vivid picture of the toll anti-social behaviour takes on workers and communities. “Many people who work in shops feel like they are living in a war zone,” she said. “Anti-social behaviour can so often be the canary down the coal mine and tell a wider story about what kind of society we are living in.”
Baroness Hazarika also urged the use of technology such as facial recognition to target hardened criminals responsible for terrorising shops and local residents.
Lord Hanson agreed, adding that the government is equipping police with the resources to better address persistent offenders, including funding initiatives like Operation Pegasus, which targets organised retail crime.
Retail trade union Usdaw has welcomed the Lords debate tackling anti-social behaviour and shoplifting.
“We very much welcome that Baroness Hazarika has raised this hugely important issue for our members. It is shocking that over two-thirds of our members working in retail are suffering abuse from customers, with far too many experiencing threats and violence,” Paddy Lillis, Usdaw general secretary, said.
“After 14 years of successive Tory governments not delivering the change we need on retail crime, we are pleased that the new Labour government announced a Crime and Policing Bill in the King’s Speech and all the measures that it contains, as set out by Lord Hanson.
“The chancellor announced in the Budget funding to tackle the organised criminals responsible for the increase in shoplifting, and the government has promised more uniformed officer patrols in shopping areas. It is our hope that these new measures will help give shop workers the respect they deserve.”
In response to the mounting pressures faced by postmasters across the UK, the Post Office has unveiled a centralised wellbeing platform aimed at simplifying access to support resources.
Post Office said the surge in shoplifting and violent incidents, documented in the 2024 ACS Crime Report, has only intensified the demand for comprehensive support.
With shoplifting on the rise year-on-year since 2021, and the Christmas trading period presenting heightened risks due to increased footfall and stock levels, the wellbeing of postmasters has become a pressing concern.
The new wellbeing platform, accessible via the Branch Hub app, provides a single point of access to a range of resources designed to meet Postmasters' immediate and ongoing needs. It is divided into three sections:
‘I Need Help Right Now’: Offers urgent support, including access to emergency services, mental health first aiders, , area and business support managers and organisations like Samaritans.
‘More Support and Guidance’: Provides practical tools such as security advice, social media abuse resources, and connections to organisations like Citizens Advice and Mind.
‘Access Community Support’: Encourages peer connections through WhatsApp and Facebook groups, as well as in-person meetings.
The initiative, a collaboration between the Post Office, the National Federation of Sub-Postmasters (NFSP), and Voice of the Postmaster, underscores a shift towards a more cooperative approach between historically independent groups, and creates a shared wellbeing network that is accessible to all postmasters, regardless of affiliation.
Mark Eldridge, postmaster experience director at Post Office, said the initiative will ensure that anyone who needs help can find it quickly and easily.
“It’s about creating a culture of care and resilience in the face of the challenges our postmasters face every day. If the initiative means helping just one postmaster, then we have done our job successfully,” Eldridge added.
Tony Fleming, postmaster at Thorne Post Office, shared how the initiative provided vital support following a traumatic armed robbery at his branch.
“It was incredibly difficult for the person faced with this violent threat, as well as the wider team. It’s a traumatic experience to go through as part of your day job and having the immediate support of the Wellbeing resource was invaluable – it really was wellbeing personified and gave me and everyone in the branch the support to get back to doing what we do best, serving our fantastic community in Thorne,” Fleming said.
Paul Patel, a Hampshire-based postmaster, echoed this sentiment, highlighting the platform’s ability to combat isolation and foster collaboration:
“It has been a difficult time for all postmasters who continue to serve their communities every day often feeling alone in their daily work life. It’s such a privilege to collaborate across the network to support Postmasters wellbeing from forming friendships to guiding for more professional support.”
Christine Donnelly of the NFSP highlighted the initiative’s accessibility and symbolic value.
“From a postmaster perspective this works on several levels. It is an easily accessible resource that offers advice and facts, but it also says by implication that we care, that participants from different areas of the business recognised a need and worked together to make it the best it could be,” Donnelly noted.
“It says you are not alone or the only one - how can you be if there is a whole site available?”
The Post Office plans to evolve the platform based on postmaster feedback, ensuring it remains relevant to emerging challenges.
Earlier this week, Post Office has announced a £20 million boost for postmasters to address their concerns that their income has not kept up with inflation over the past decade.
Both independent postmasters and Post Office’s retail partners that operate branches on its behalf will receive the top-up payment ahead of Christmas. The top-up payment will be based on both the standard fixed and variable remuneration the branch received in November.
Independent retailers have weathered one of their most challenging years in 2024, with multiple headwinds affecting the sector, according to the British Independent Retailers Association (Bira).
With pressures mounting throughout the year, independent retailers have faced an increasingly difficult trading environment marked by changing consumer behaviour and economic uncertainties.
"2024 has presented unprecedented challenges for independent retailers,” said Andrew Goodacre, CEO of Bira. “Consumer spending on non-food items has declined significantly, while persistent footfall problems and fragile consumer confidence have impacted high streets nationwide. Despite inflation coming under control, interest rates are falling slowly, affecting both business and consumer spending."
"The retail landscape has become increasingly competitive, with large chains implementing deeper and longer discount periods. The rise of ultra-fast fashion retailers like Shein and Temu has created additional pressure on margins, whilst deflation on non-food items has further squeezed profits," he added.
The sector has also grappled with retail crime, with Bira's latest survey showing 78.79 per cent of businesses reporting increased frequency or severity of theft incidents.
Research from PwC earlier this year also highlighted the scale of the challenge, with 6,945 outlets shutting – equating to 38 store closures per day, up from 36 per day in 2023. The figure outnumbered the rate of new store openings, which rose modestly to 4,661, averaging 25 openings each day.
Mr Goodacre said: "The key difficulties independent retailers are grappling with include low consumer demand, as consumer confidence remains fragile and shoppers are highly value-focused. Independent shops struggle to compete on price as large chains are able to discount more deeply and for longer periods."
Looking ahead to 2025, retailers face new challenges. He added: "Medium-sized retailers will see a significant increase in employment costs, while thousands of smaller retailers will be hit with higher business rates as relief drops from 75per cent to 40 per cent."
However, Mr Goodacre said he sees reasons for optimism and added: "We expect 2025 to bring some positive changes. Wages are set to rise faster than inflation, which should boost consumer spending. Both inflation and interest rates should continue to fall, helping to rebuild consumer confidence."
"The circular economy presents a growing opportunity for independent retailers, and with economic growth set to improve, we anticipate better trading conditions. While challenges remain, independent retailers who stay adaptable and resilient will find opportunities in the year ahead."