The cost-of-living crisis is perhaps the biggest challenge currently facing the UK economy, with households and businesses of all sizes unable to avoid high energy costs and rising inflation.
As part of this report, Newtrade Insight has sought to examine the extent to which customers are buying budget or own-label products as opposed to traditional brands in an effort to save money.
Expect to see sales of budget and own-label products to increase in the next six months
Say they are happy with the help they are receiving from suppliers
Have tried to offer more value in the past six months
Key Questions Answered:
Has the cost-of-living crisis affected independent convenience retailers?
Have retailers tried to provide more value in their offerings?
Have retailers’ efforts up until now had a positive effect on sales?
Will retailers try to do so in 2023?
What help do retailers need from suppliers?