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 -18 June
Bitcoin in retail could ‘bring the internet to a halt’
A new report from the Bank of International Settlements (BIS) in Switzerland has claimed Bitcoin would “bring the internet to…
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18 June
Card payments overtake cash for the first time in the UK
Cards have overtaken cash as Britain’s most frequently used method of payment, thanks to the rise in contactless cards. Steve…
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12 June
UK consumers plan a £799m expenditure for Father’s Day
UK consumers are expecting to spend £799m on gifts for Father’s Day this year, a study has found. Data gathered…
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12 June
Henri Lloyd to slash 128 jobs despite coming out of administration
Henri Lloyd is to be brought out of administration by a company called Aligro UK Limited, and it will continue…
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8 June
Tesco CEO blames business rates for decline of the high street
Dave Lewis the CEO of Tesco has said that business rates have played a “large part” in the decline of…
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7 June
Joules 18% sales boost defies high street blues
Clothing retailer Joules has announced a rise in revenue for the year up to May 27 of 18% on figures…
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6 June
Poundworld buyer pulls out
The future of discount retailer Poundworld has been cast into doubt following Alteri Investors withdrawal from their buyout. Other bidders…
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6 June
May consumer spending growth highest since April 2017
In-store consumer spending in May led to an increase of 5.1% in consumer spending, the highest level of growth recorded…
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5 June
Quiz defies high street blues with 30% growth
Fashion retailer Quiz has bucked a calamitous high street trend in the first half of 2018, announcing revenue growth of…
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4 June
Mothercare vote mishap puts CVA under threat
Mothercare’s plans for a company voluntary agreement (CVA) to stave off further problems, have been plunged into uncertainty after a…
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