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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Mar- 2022 -17 March
Retail insolvencies surge 21% amid supply chain issues
Data recently released by the Insolvency Service has shown that insolvencies amongst retailers businesses have surged in the past year…
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8 March
Retail sales show continued growth in February
Retail sales increased by 6.7% in February, against an increase of 1.0% in February 2021, a new report from BRC…
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8 March
Consumer spending surges 13.7% in February
Consumer card spending grew year-on-year by 13.7% in February, the highest growth since November 2021, as the economy reopened following…
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7 March
Retailers record 12th month of consecutive sales growth
The retail sector has recorded its 12th consecutive month of positive trading with total like-for-like sales, combined in-store and online,…
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3 March
Footfall strengthens amid largest monthly rise since June
With a gap of -20.7% from the 2019 level, footfall in February strengthened marginally from January when it was -20.8%…
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2 March
UK retail prices rise to highest rate since 2011
Retail price annual inflation accelerated to 1.8% in February, up from 1.5% in January, marking the highest rate of inflation…
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2 March
Retail is the UK’s fastest growing sector, Companies House data reveals
A total of 119,948 new retail businesses were founded in 2021, with 46,972 of the businesses comprising online e-commerce start-ups…
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Feb- 2022 -21 February
Bira welcomes sales rise, but warns ‘all is not well’
The British Independent Retailers Association (Bira) has said it is “pleased to see a rise in retail sales”, but warned…
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18 February
Overseas appetite soars for UK retail sector M&A
Overseas interest has created a surge in deal activity in the UK retail sector in 2021, with overseas acquirors presenting…
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18 February
End of free Covid tests will harm workers, Union warns
Ending free tests and self-isolation rules, along with no masks, represents a “triple whammy” for Covid safety in stores, according…
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