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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Aug- 2022 -3 August
Hugo Boss hails strongest Q2 in its history
Hugo Boss has reported an operating profit of €100m (£83.4m) for Q2, over double the €42m (£35m) it recorded in…
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2 August
Women’s Euros final win boosts footfall post-match
High street footfall across the UK on Sunday was up by 4.4% against the previous week during shopping hours, as…
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Jul- 2022 -28 July
Virgin Wines revenue up 63% on pre-Covid levels
Online wine retailer, Virgin Wines, has revealed that the company’s revenue is up 63% on a three-year, pre-Covid basis, compared…
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26 July
Wickes downgrades outlook despite strong Q2 sales
Wickes has downgraded its full-year outlook after signs of “softening” in DIY and DIFM markets in recent weeks, despite the…
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25 July
Retail accounts for 10% of UK administrations in 2022, study finds
The retail sector accounted for 10% of administrations in the first six months of the year – the third highest…
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25 July
Naked Wines CFO departs amid sales warning
Naked Wines has announced that Shawn Tabak, chief financial officer and director, has left the company by mutual decision, effective…
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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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