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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Jun- 2022 -27 June
High street footfall plummets amid cost of living strain
High street footfall fell 25% in May against the previous month, according to RSM UK’s analysis of the latest data…
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24 June
Inflation drives disposable income to ‘lowest ever level’
Household discretionary income has fallen -17.2% in May to £41.94 a week (equivalent to £167.76 per month), marking another “record”…
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24 June
Vodafone launches support hubs as SMEs struggle to ‘stay afloat’
Vodafone has launched two new resources to support SMEs after a new report commissioned by the group highlighted how SMEs…
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24 June
Retail sales fall as consumers cut household spending
Retail sales volumes fell by 0.5% in May 2022 according to the latest figures from the Office for National Statistics…
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24 June
UK consumer confidence sinks to new record low in June
UK consumer confidence has fallen to the lowest level since records began during the month of June, according to the…
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23 June
Matalan FY revenues surpass £1b
Matalan has revealed its revenues for the 52-week period ending 26 February 2022 reached just over £1bn, up 38% from…
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22 June
1 in 3 SMEs struggle with cost of staffing, NatWest report reveals
New research conducted by NatWest Rapid Cash has revealed that 34% of SMEs are struggling with the cost of staffing,…
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22 June
Frasers Group increases stake in Hugo Boss
Frasers Group, a British retail and intellectual property group, has increased its stake in German fashion brand Hugo Boss. Frasers…
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22 June
Inflation hits 40-year high in May
Inflation reached a 40-year high in May 2022 as the Consumer Price Index hit 9.1%, up from the 9% reported…
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21 June
Quarter of UK retailers four weeks from collapse, survey finds
More than a quarter of UK retailers are just four weeks away from going bust due to supply chain issues,…
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