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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Aug- 2018 -16 August
Online sales and discounts help to boost retail sales
UK retail sales outperformed predictions with an increase of 0.7% in July, recent statistics from the Office for National Statistics…
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14 August
High street job losses ‘cost British economy £1.5bn’
New research has found that high street job losses have cost the British economy £1.5bn, as the number of lost…
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13 August
Household spending drops 0.9% in July
Household spending dropped 0.9% in July due to “disappointing growth” in real earnings, according to Visas’ UK Consumer Spending Index.…
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2 August
Over half of UK businesses braced for revenue drop due to Brexit
Over half of UK businesses believe Brexit will trigger a drop in revenue in 2019 according to new research by…
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2 August
Scotland sees ‘disappointing’ retail sales rise
Scottish government figures have found that retail sales in the country have risen by 0.3% between April and June compared…
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1 August
Shop prices in July reach lowest deflation in eight months
The non-food items category reached its lowest level of deflation since December 2017, at 1.4% in July, according to new…
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Jul- 2018 -31 July
Consumer confidence dips in July
Consumer confidence dropped in July despite the boost of the World Cup and heatwave, a new survey suggests. According to…
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31 July
Games Workshop sees profit increase of £32m
Games Workshop has announced a pre-tax profit rise from £38.4m in the previous financial year to £74.5m in 2018. The…
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27 July
House of Fraser CVA delayed by landlords
House of Fraser’s planned company voluntary agreement (CVA) has been delayed by landlords who have launched legal action, with representatives…
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26 July
Fifth of UK retailers plan to axe jobs in the next three months
New research has found that almost a fifth of UK retailers are planning to cut staff in the next three…
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