Retail news round-up: UK shop prices decline in April and Jack Wills reorganises its management team
Prices in British shops decline at slow rate
British shop prices fell 0.5% year-on-year in April, representing the slowest deflation rate since November 2013, according to the British Retail Consortium, The Financial Times reports.
The BRC’s UK Shop Price Index reported a 0.9% and 1% increase in food prices and fresh food prices respectively.
The prices of non-food categories declined 1.4% year-on-year – clothing dropped the greatest amount by 5.4%.
BRC chief executive Helen Dickinson said: “Prices are undoubtedly on an upward trajectory, which we expect to gradually play out over the course of the year.
“With the squeeze on household incomes tightening, the retail industry expects plans from the next Government that put consumers first in the Brexit negotiations, ensuring that ordinary shoppers are protected from the cost of unwanted new tariffs.”
Jack Wills reorganises its management team
Jack Wills has promoted Mark Wright from managing director of ecommerce to multichannel director, Drapers reports.
The retailer has appointed Mike Doyle, former chief financial officer of GHD Group Holdings, as its new chief financial officer.
Doyle replaces Phil Mickler, who joined Jack Wills in January 2016.