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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Jun- 2018 -28 June
Head office jobs more likely to face axe than shop floor following national living wage rises
New research has found that those working in head office are more likely to lose their jobs as the result…
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27 June
One in four companies hit by ‘domino effect’ of another’s insolvency
Some 26% of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or…
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27 June
‘Serial returners’ cost retailers £7bn a year
New research from Barclaycard has revealed that retail returns made by British shoppers amount to a loss of £7bn a…
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26 June
British grocery market sees two years’ consecutive growth
Britain’s grocery sector has grown for two consecutive years, according to the latest grocery market share figures from Kantar Worldpanel…
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26 June
EXCLUSIVE: Mattressman accounts ‘disaster’
Mattressman has revealed that it entered a Company Voluntary Agreement (CVA) due to “inaccurate management accounts”, which led the company…
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25 June
More than 130 jobs cut as Mattressman enters CVA
Mattressman has announced it is to enter a Company Voluntary Agreement (CVA) which will see the closure of 14 of…
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22 June
Chanel reveals profits for the first time
Fashion brand Chanel has released its profit figures for the first time in its 108-year history. Chanel saw an 18%…
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21 June
UK’s indies outperform global retailers with 20% growth
Sales volumes for Britain’s independent retailers in the past 12 months were 20% higher than the global average, according to…
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20 June
Hornby announces £10.1m loss
Hornby has announced a pre-tax loss of £10.1m and “lower than expected sales” leading to shares plummeting by 20% this…
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19 June
Debenhams issues profit warning
Debenhams has issued a warning saying it now expects pre-profits to be “in the range of £35m-£40m” significantly lower than…
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