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- 2018 -12 November
Footfall drops for 11th consecutive month
Footfall in October fell by 2% on the previous year, an identical fall to that recorded in October 2017 and…
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9 November
Fast fashion brands called before Parliament
A number of online only fashion retailers have been asked to give evidence as part of the Environmental Audit Committee’s…
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1 November
Bank of England puts hold on interest rates due to Brexit uncertainty
The Bank of England has placed interest rates on hold following growing uncertainty around Brexit. A vote to leave rates…
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1 November
600 jobs at risk as Crawshaws enters administration
Meat retailer Crawshaws has announced it has entered administration, putting 600 jobs at risk across its 42 stores. A Crawshaws…
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Oct- 2018 -29 October
HMV tops Amazon on physical music sales
HMV has overtaken Amazon for physical music sales, the entertainment retailer increased its market share to 28% during the 12…
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26 October
Schuh profits fall 9.6% following ‘lack-lustre festive sales period’
Footwear retailer Schuh has announced a pre-tax profit fall of 9.6% down to £15m for the previous financial year. The…
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18 October
Retail sector ‘to face £186.45m business rates increase next April’
Retail firms will see business rates increase by £186.45 next April for the year 2019/20, according to real estate advisor…
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15 October
Shoe Zone defies retail blues to report strong summer performance
Shoe Zone has announced a “strong performance” for the current financial year, seeing its revenue rise by almost 2% for…
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12 October
Boots sales fall 3% due to ‘decline in UK pharmacy funding’
Boots has announced a 3.4% fall in sales between June and August 2018 comparison with the same period last year.…
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8 October
Quiz issues profit warning leading to 25% share tumble
Clothing retailer Quiz has released a profit warning, five months after announcing a revenue growth of 30%. Shares in Quiz…
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