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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Dec- 2018 -19 December
Lowest November growth in seven years for online retail
UK online retail sales suffered its worst November growth since 2011 last month coming in at just +8.1% year-on-year (YoY),…
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18 December
Consumer spending drags for second month in a row
Consumer spending has dropped by 0.7% in November, the second month of decline following the 0.2% drop in October according…
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18 December
HMV’s Hong Kong operations enter liquidation following 41% revenue fall
HMV is to wind up its Hong Kong stores after entering liquidation today (18 December), the company blamed a 41%…
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18 December
Brits to spend £1.65bn on last minute Christmas purchases
Some 14.9 million shoppers are expected to spend £1.65bn on last minute Christmas purchases, new research by discount code website…
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17 December
Laura Ashley to close 40 UK stores as it expands to China
Homeware and clothing retailer, Laura Ashley has announced it is to close 40 UK stores as it expands its Chinese…
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13 December
Russell and Bromley sees 55% profit plunge
Footwear retailer Russell and Bromley has announced a 55% fall in profits in the year to 31 December 2017. The…
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11 December
Online non-food spend to top £75bn by 2023, data suggests
Total online spend is forecast to rise 34.5% over the next five years, reaching over £75bn by 2023 as consumers…
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7 December
Primark owner warns ‘trading was challenging’ for November
Primark owner, Associated British Foods has warned that trading for November was “challenging” for the clothing retailer. The group’s chairman,…
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6 December
UK customers to boost retailers with £420 festive spend
New Christmas trading analysis from PwC has suggested UK shoppers are preparing to spend an average of £420 on Christmas…
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Nov- 2018 -30 November
Consumer confidence drops marking ‘season of uncertainty’
Market research firm GfK’s latest Consumer Confidence Index has shown that confidence decreased by three points in November 2018 to…
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