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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Jul- 2018 -18 July
Hot weather and World Cup fever spurs online retail growth
UK online retail sales were up during June this year, as the hot weather and start of the FIFA World…
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17 July
Bad debt owed to UK retailers rises to £53.6m in three months
There has been a 2464.5% increase in bad debt owed to UK retailers in the last three months, according to…
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16 July
The Works to open 50 stores per year and plans to IPO
Discount retailer The Works has unveiled plans to float on the London Stock Exchange and open 50 new stores each…
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13 July
Bumper June footfall sees record increase of 11.4%
UK retailers benefited from record month-on-month growth in footfall for June, with a 11.4% increase in high street traffic compared…
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12 July
Long queues ‘costing retailers £12bn’
Long queues have been named the biggest turn-off for UK shoppers and could be costing retailers up to £12bn a…
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12 July
Hot weather springs profit warning at DFS
DFS has announced a profit warning, blaming poor sales performance on decreased high street footfall during the hot weather, disruption…
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10 July
Poundland founder prepares Poundworld bid after Chris Edwards pulls out
The founder of Poundland, Steve Smith, is preparing a bid for embattled rival Poundworld after Chris Edwards, the latter’s founder,…
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9 July
200,000 companies sued over business rates
Over 200,000 businesses were taken to a Magistrates court for failing to pay for businesses rates under the first year…
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6 July
UK Treasury rejects retailers’ business rates reform calls
The UK Treasury has today rejected calls from retailers who say business rates should be reformed to create a level…
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6 July
Retail sales fall for fifth consecutive month
Retail sales fell for the fifth month in a row in June, data from BDO’s High Street Sales Tracker has…
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