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 -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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13 July
Household budgets continue to tighten amid rising inflation
Data from Barclaycard has revealed that spending on essential items increased 4.4%, which has been largely driven by a surge…
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12 July
Matalan revenues up 29% in Q1
Matalan has revealed that its total revenue for the 13 weeks to FY23 currently sits at £286.5m, which shows a…
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11 July
53% of retail workers say jobs are more demanding, report finds
Over half (53%) of UK retail workers described their jobs as demanding, with the amount of work they are expected…
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8 July
Superdrug sees profits surge 5% to £45m
Superdrug has revealed its full-year profit before tax has increased 141.3% to £45.3m, compared with £18.8m the previous year for…
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6 July
Chapel Down H1 revenues meet expectations amid expansion plans
Chapel Down, an English wine maker based near Tenterden, Kent, has reported its H1 revenues met management expectations as it…
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