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 -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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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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