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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Nov- 2019 -4 November
Mothercare to appoint administrators, placing 2,500 jobs at risk
Mothercare has announced that it will appoint administrators, less than 18 months since it launched a CVA. The children’s company,…
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Oct- 2019 -31 October
Consumer confidence drops further in October
Gfk’s long-running Consumer Confidence Index decreased two points to -14 in October. The measure for the general economic situation of…
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31 October
Schuh pre-tax profits fall by £7m amid ‘extremely challenging year’
Schuh has reported a £7m fall in pre-tax profits to £6.1m attributed to a second consecutive year of “extremely challenging”…
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31 October
Treasury Committee urges MPs to reform ‘broken’ business rates
The government has been urged to fix the “broken” business rates system as it is continuing to affect high street…
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30 October
Shop prices decrease again in October
Shop price deflation decelerated to 0.4% in October from -0.6% in September, according to new figures from the British Retail…
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29 October
Retailers report ‘record high’ stock levels in October
Retailers’ stock levels in relation to expected sales were at their highest on record in October, according to the latest…
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29 October
Sosander shares jump as revenues surge 53%
Shares in Sosander PLC jumped 12 % in early trading on Monday (28 October) as the retailer reported a strong…
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22 October
Consumer confidence drops in Q3 amid continued Brexit uncertainty
The Deloitte consumer confidence index fell to -9% in Q3 2019, one point lower than in the previous quarter and…
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18 October
Retail footfall plummets as autumn begins
Footfall in non-food stores fell by 9.9% year-on-year in September, according to the Retail Traffic Index published by Ipsos Retail…
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16 October
Retail sector could face £137m rates hike next year
September’s headline rate of inflation is set to cause more business rates increases in 2020, according to calculations from real…
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