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- 2021 -12 August
UK economy surges 4.8% in June
The UK economy grew by 4.8% in June as Covid-19 restrictions surrounding retail and leisure were eased across the UK,…
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6 August
Scottish footfall remains subdued
Figures provided by the Scottish Retail Consortium (SRC) and Sensormatic IQ data. show footfall for retailers is down 27.1% in…
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Jul- 2021 -13 July
UK retail sales jump 13.1% in June
Total retail sales in the UK increased by 13.1% in June, according to the latest BRC-KPMG retail sales monitor. On…
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12 July
Footfall flatlines in June
Footfall from shoppers in the UK plateaued despite social distancing restrictions remaining largely the same, according to new data from…
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7 July
BRC report highlights chargeback ‘struggles’ for retailers
The British Retail Consortium (BRC) has published a report which highlights the ongoing chargeback “struggles” affecting retailers in the UK.…
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Jun- 2021 -30 June
GDP shrinks 1.6% in Q1
The UK’s quarterly gross domestic product (GDP) fell an estimated 1.6% in Q1 2021, a larger margin than the previously…
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25 June
Long-term WFH may damage ‘perfectly good’ retailers, says BIRA CEO
A permanent working from home post-lockdown model could damage “perfectly good” businesses, according to the British Independent Retailers Association’s (BIRA)…
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18 June
Return to restaurants sees retail sales fall by 1.4%
UK retail sales fell by 1.4% between April and May, following a sharp increase in April when retail restrictions were…
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16 June
UK inflation hits 2.1% as clothing prices rise
Inflation in the UK rose to 2.1% in May, up from 1.5% in April, according to the latest figures from…
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11 June
Retail sector boosted by ‘buoyant’ sales
The UK’s retail sector in May has been boosted by “buoyant” sales, according to the British Retail Consortium (BRC). Over…
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