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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.

Bank of England raises interest rates by 0.5% to 3.5%

The Bank of England (BoE) has announced that interest rates will be raised by 0.5%, bringing…

Inflation falls to 10.7%

UK Inflation fell to 10.7% in November, down from 11.1% in October, but still remains close…

UK economy returns to growth in October

The UK economy returned to growth in October following the period of national mourning after…

Retail sales plummet in November, CBI finds

Retailers saw their sales volumes plummet in the year to November, according to the CBI’s…

UK consumer confidence rises to -44 in November

The consumer confidence index increased three points in November up to -44, but it still…

October sales rise 0.6% but remain behind pre-Covid levels

The Office for National Statistics (ONS) reported that retail sales volumes rose by an…

Retail reacts: Gov has taken ‘first step to longer term reform’

The retail industry has welcomed chancellor Jeremy Hunt’s Autumn budget announcement, with…

Chancellor freezes tax thresholds in Autumn statement

Chancellor Jeremy Hunt has announced a raft of measures to help “stabilise” the UK economy…

Rising energy and food costs push inflation to 11.1%

Inflation has risen to a 41-year high of 11.1% in October, according to data from the Office…

Unemployment rate rises to 3.6%

The unemployment rate for July to September 2022 increased by 0.2% on the quarter to 3.6,…