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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Jan- 2019 -29 January
Mike Ashley faces fine for late account filing of Mash Holdings
Mash Holdings, a company run by Sports Direct owner Mike Ashley, could be facing a fine as its accounts filings…
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28 January
Online retail tax could be unlawful under EU rules, Treasury warns
The government has said taxing online giants, like Amazon, through a sales tax could be illegal under EU rules. Under…
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24 January
Retail spending bounces back in December despite ‘tough’ festive period
Retail spending bounced back in the UK in December 2018 after a tough November as GlobalData’s total retail index rose…
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21 January
ONS reports retail growth ‘slowdown’
The Office for National Statistics (ONS) has announced a “slowdown” in retail growth for the whole of 2018 which it…
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21 January
Retail job losses to increase by 27,000, analysis suggests
Online retailers are having a “profound effect” on the commercial property market as the value in retail property is set…
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18 January
Moodys lowers Debenhams and New Look ratings
Financial services firm Moodys has changed the outlook for both New Look and Debenhams from stable to negative amid both…
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17 January
Smartphone shopping to reach record usage in 2019
In 2019, and for the first time ever, consumers will be as likely to shop on their smartphones as they…
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16 January
Build-A-Bear lowers UK trading expectations due to ‘significant’ Brexit challenges
Build-A-Bear has announced it has lowered its trading expectations for the UK due to “significant” challenges posed by uncertainty around…
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16 January
Consumer spending drops further in December with 1% decline
Consumer spending continued to fall in the month of December with a 1% decline, according to Visa’s UK Consumer Spending…
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14 January
Richemont Europe blames French ‘social unrest’ for sales slowdown
Swiss retail group, Richemont Europe, has blamed French “yellow vest” protests for a slowdown in its sales. The group, which…
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