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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May- 2021 -12 May
UK economy shrinks 1.5% in Q1 despite signs of recovery
The UK economy shrank by 1.5% during the first three months of the year due to the impact of the…
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Apr- 2021 -30 April
One in seven retail units remain vacant, says BRC
Retail vacancies in the UK have increased across all shopping destinations, according to the British Retail Consortium (BRC) and Local…
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29 April
VF Corp to sell workwear brands
VF Corporation has announced it has entered into an agreement to see the occupational part of its work segment with…
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28 April
Shop prices fall in April as non-essential retailers reopen
UK shop prices continued to drop in April as non-essential retailers reopened after lockdown, according to the BRC-Nielsen shop price…
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27 April
Consumer confidence rises due to ‘roadmap’ out of lockdown
During the first three months of 2021, consumer confidence saw a record quarterly rise thanks to the government’s “roadmap” out…
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23 April
Consumer confidence edges up alongside reopening
GfK’s consumer confidence UK Consumer Confidence Index increased one point to -15 in April as the retail sector reopened. Two…
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22 April
Retail job postings falter as sector partially reopens
The number of job postings in the retail sector fell by –6.9% in the week the industry was allowed to…
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22 April
Carphone Warehouse closes all sites in Ireland
Carphone Warehouse has announced the closure of all its sites in Ireland with immediate effect. This includes its 69 standalone…
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Mar- 2021 -26 March
Retail sales begin to recover in February
Retail sales volumes witnessed a partial recovery in February with an increase of 2.1% when compared with the 8.2% fall…
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23 March
Gov to create hubs to boost international trade
The Department for International Trade (DIT) has announced the creation of four new trade and investment hubs which will channel…
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