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
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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5 July
Customer complaints costing UK retail more than £9bn
Customer complaints have reached an all-time high which has cost businesses more than £9.24bn a month in staff hours, according…
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5 July
Over one in five SMEs unable to access external finance, research finds
New research commissioned by Manx Financial Group has revealed that more than one in five (22%) small and medium sized…
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