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George at Asda CCO Liz Evans steps down

George at Asda CCO Liz Evans steps down

Supermarket sales rise 4.6% as heatwave offset by wet weather

Supermarket sales rise 4.6% as heatwave offset by wet weather

N Brown names new financial services chiefs

N Brown names new financial services chiefs

Topic Hub

Economy

Economy explores the wider economic forces influencing the UK retail industry. This section covers inflation, consumer spending, interest rates, labour market conditions, and policy developments affecting retail performance and profitability. Retail Sector’s Economy coverage provides expert analysis, data-driven insight, and commentary to help retail leaders, financial planners, and operational managers understand how macroeconomic trends are shaping demand, costs, and investment decisions across the sector.

Economy

Economy explores the wider economic forces influencing the UK retail industry. This section covers inflation, consumer spending, interest rates, labour market conditions, and policy developments affecting retail performance and profitability. Retail Sector’s Economy coverage provides expert analysis, data-driven insight, and commentary to help retail leaders, financial planners, and operational managers understand how macroeconomic trends are shaping demand, costs, and investment decisions across the sector.

Inflation fails to fall in May

Inflation in the UK remained unchanged at 8.7% in the year to May, dashing hopes that prices…

UK consumers feeling cost-of-living more than EU counterparts, EY finds

Cost-of-living pressures have affected UK consumers more than their European counterparts,…

Inflation falls to 8.7% in April

Inflation has fallen to 8.7% in April, marking the first time it has been in single digits…

Unemployment rises to 3.9%

The unemployment rate for January to March 2023 increased by 0.1 percentage points during…

UK economy shrinks 0.3% in March

Monthly real gross domestic product (GDP) is estimated to have fallen by 0.3% in March 2023,…

BoE raises interest rate for 12th time to 4.5%

The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%,…

Retail profit warnings fall to lowest level since 2020

UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine…

Poor weather sees retail sales fall 0.9% in March

Retail sales in the UK fell 0.9% in March according to latest figures from the Office for…

Inflation remains above 10% in March

Despite easing slightly, inflation remained above 10% in March thanks to food and drink…

UK economy flatlines in Feb

Real gross domestic product (GDP) is estimated to have shown no growth in February 2023,…