Falling food prices benefit consumers
The latest Consumer Price Index (CPI) inflation figures, issued in July 2023, reveal a decline in headline inflation to 7.9%…
All articles by Mohamed Dabo
Mohamed Dabo
Mohamed Dabo is a seasoned journalist with extensive experience in financial reporting. He brings a wealth of knowledge from his previous work in the United States and France, along with his numerous contributions to business and financial publications over the years.
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FTSE retailers issue 10 profit warnings in H1 2023
FTSE [Financial Times Stock Exchange] retailers have issued a total of five profit warnings during the second quarter of 2023,…
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The rise of frozen food: retailers’ opportunities and challenges
As the global retail industry continues to navigate the challenges posed by rising grocery prices, an intriguing shift has emerged…
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Suntan lotion sales heat up Scottish retail growth
Analysis by audit professionals KPMG reveals that the demand for suntan lotion has contributed to a significant growth in retail…
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US June 2023 retail sales disappoint but consumer spending resilient
US retail sales saw a modest increase in June 2023, falling short of economists' expectations. However, consumers continued to show…
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UK supermarket food prices jump by over 25% in two years
Supermarket food prices surged by more than 25% between 2021 and 2023, according to a report by consumer group Which?…
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Sofa retailer DFS struggles in tough market due to rising living costs
Sofa retailer DFS has issued a warning to the market, stating that the current economic climate has been "significantly worse…
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FTC probes OpenAI’s ChatGPT creator over consumer Protection
The Federal Trade Commission (FTC) has launched a comprehensive investigation into OpenAI, the creator of the widely popular ChatGPT bot.…
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Future fashion retail: exploring the Metaverse’s transformative power
The fashion and retail industry is on the brink of a revolutionary transformation as the Metaverse emerges as a new…
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PepsiCo’s Q2 earnings & revenue strong despite lower demand
Global beverage and food company PepsiCo has surpassed analysts' expectations by reporting robust earnings and revenue for the quarter, despite…