Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jul- 2022 -22 July
63% of SME owners looking for business partners, study shows
A new study from global technology platform, Intuit QuickBooks, has found that almost two thirds (63%) of SME owners are…
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22 July
Consumer confidence remains at historic low in July
UK consumer confidence remained at a historic low of -41 in July, according to GfK’s long-running Consumer Confidence Index. GfK…
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22 July
Retail sales fall in June despite Platinum Jubilee celebrations
Retail sales dropped by 0.1% in June 2022 following a fall of 0.8% in May 2022 despite the Queen’s Platinum…
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22 July
Transitional relief could cost retailers over £1bn, BRC warns
Retailers have warned that the failure to fix the “flawed” Transitional Relief system could cost the industry over £1bn between…
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21 July
Dunelm FY trading beats expectations
Dunelm has reported its full-year sales and profits have beaten expectations, reporting total sales of £1.55bn in the year to…
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20 July
Brazel’s win to place financial burden on thousands of employers
The Supreme Court has today (20 July) ruled that employees who only work for part of the year are entitled…
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20 July
Premier Foods sales surge to £197m
Premier Foods, a food manufacturer, has reported a sales increase of 6% to £197m over the three months to 2…
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20 July
Inflation hits 40-year high at 9.4%
Inflation has hit a new 40-year high with consumer price inflation reaching 9.4% in June, up from 9.1% in May,…
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19 July
90% of consumers intend to cut back spending, Grant Thornton finds
New research from Grant Thornton and Retail Economics has revealed that almost 90% of UK consumers intend to cut back…
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14 July
Retailers welcome ‘record’ credit surge in Q1
The retail store and online credit sector welcomed its “faster ever” start to the year, as new business volumes reached…
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