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 -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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27 November
Esprit to cut 40% of non-store jobs and reduce product line
Esprit has announced it is to cut 40% of non-store jobs and reduce its product line by 30% as part…
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19 November
Black Friday footfall expected to drop as shoppers go online
Retail intelligence experts Springboard have forecast that Black Friday and the following weekend will do “very little to help the…
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16 November
Black Friday set to be worth £10.4bn in the UK
Black Friday sales are forecast to grow faster than the UK retail market in Q4 2018, as the promotional period…
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12 November
All Saints sees profits fall by over half
Clothing retailer All Saints has seen its profits fall by over half to £10.6m in the year to February 2018.…
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