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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Oct- 2021 -18 October
The Hut Group owner surrenders golden share to reassure investors
Matthew Moulding, the boss and founder of the online beauty, nutrition and technology services group The Hut Group, is set…
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15 October
ProCook considers London IPO
ProCook has announced it is considering an initial public offering on the main market of the London Stock Exchange. Should…
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14 October
Mid-market retailers set to continue investments, RSM say
The shift in focus to online in the mid-market retail sector is set to continue, with the majority of retailers…
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11 October
Christmas footfall predicted to remain 17% below 2019 levels
Footfall across UK retail destinations will average -17% lower than in 2019 over the six week Christmas trading period from…
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Sep- 2021 -29 September
Lego operating profit soars 104%
Lego has revealed an operating profit for the first half of the year of DKK 8bn (£929m), an increase of…
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28 September
Asos to create 180 jobs with new £14m Tech Hub
Asos has announced it is to invest £14m in a new Tech Hub in Belfast and create 184 new jobs…
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24 September
Consumer confidence falls amid ongoing supply chain issues
UK consumer confidence has fallen back five points in September, largely attributed to both shop supply shortages and rising prices,…
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23 September
Card retail transactions up to 81%, survey finds
Debit and credit card retail transactions surpassed four in every five pounds spent in 2020 (81%, up from 78% in…
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15 September
Inflation sees biggest jump on record in August
UK inflation saw its largest jump since records began in August, as the rate spiked to 3.2% in a 12…
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8 September
UK shoppers buying internationally drops 14%
The proportion of UK shoppers buying internationally reportedly dropped 14% to just over one in 10 (31%) in 2021. According…
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