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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Sep- 2018 -5 September
Electric bikes speed up Halfords sales
Halfords has announced that increased demand for electric bikes has helped the company to achieve a like-for-like sales increase of…
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4 September
Footfall ‘better than expected’ in August
Footfall fell by 4.1% in August compared with the same month last year, according to the Ipsos retail footfall tracker.…
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4 September
M&Co reports rocketing online sales
M&Co has reported a rapid rise in its online sales of 18.3% in the year to February which contributed to…
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3 September
Footasylum shares drop by 50% as company warns of losses
Footasylum has this morning issued a profit warning that said it expects to report lower than expected revenue and a…
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Aug- 2018 -31 August
Homebase ‘very likely’ to enter administration if CVA isn’t passed
The future of Homebase is to be decided today as creditors vote on a CVA which would see the closure…
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30 August
Hot September could cost retailers £320m in sales
The British Retail Consortium (BRC) has said a hot September could cost retailers £320m in sales, with non-food retailers losing…
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29 August
Shop price deflation comes to an end in August
Shop prices entered inflationary territory in August for the first time in over five years, with prices increasing by 0.1%…
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28 August
Amazon named ‘most reputable UK retailer’ in consumer survey
Amazon, Boots and John Lewis have topped the 2018 UK Retail RepTrak ranking of the most reputable retailers, the Reputation…
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23 August
Urban Outfitters records record sales results as shares rocket
Urban Outfitters has announced record overall sales of £769.5m, seeing a 13.7% increase across the three months to July 31.…
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21 August
Online retail spending stutters after England World Cup exit
UK online retail sales slipped to their lowest year-on-year (YoY) growth in 2018 so in July, as consumer spending “slumped”…
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