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 -7 January
Morrisons to launch new vegan range off the back of 6% sales increase
Morrisons has announced a 6% total sales rise excluding fuel for the 13 week period to 4 November. The supermarket…
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7 January
Retail administrations rise for second consecutive year
The number of retailers entering into administration in 2018 was 125 – compared to 118 in 2017, an increase of…
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4 January
Gaming market now bigger than video and music combined
The video games market now accounts for more than half of the entire UK entertainment market (51.3%), the Entertainment Retailer…
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4 January
Shop prices rise in December despite discounting
Shop prices saw a 0.3% year-on-year increase in December despite many retailers discounting heavily during the festive period, the BRC-Nielsen…
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Dec- 2018 -21 December
London’s West End to receive £186m pre-Christmas boost
Shoppers visiting London’s West End are expected to spend £186m in the final three days before Christmas, according to New…
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20 December
Online breaks 20% of retail for first time
The quantity bought in retail sales increased by 0.4% in the three months to November 2018, driven by growths in…
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20 December
UK airport retailers expected to take over £56m during ‘busiest time of the year’
New research has found that UK travellers will spend over £56m at UK airports during this period, considered the “busiest…
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19 December
John Lewis bucks retail woes with festive sales increase
John Lewis has bucked retail troubles reporting a total sales increase of 1.8% for the week to 15 December. The…
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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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