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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.

UK economy contracts 0.2% in Q3

The first signs of the UK entering a recession reared its head in the last quarter as the…

Grocery price inflation hits record 14.7%

BoE raises interest rates to 3%

The Bank of England (BoE) has raised the base rate of interest to 3%, an increase of 0.75%,…

Retail sales fall below pre-pandemic levels

Retail sales volumes fell by 1.4% in September 2022, making them 1.3% below pre-coronavirus…

Rising food prices push inflation back to 10.1%

Inflation has returned to the 40-year high of 10.1% in September, up from 9.9% in August,…

Chancellor reverses almost all mini-budget tax cuts

Newly appointed chancellor Jeremy Hunt has reversed almost all of the mini-budget…

Unemployment at lowest level in 50 years as pay levels fall

Retail sales rise 2.2% in September

The British Retail Consortium (BRC) Sales Monitor reports that, on a total basis, sales…

Food inflation rises to a ‘record’ 10.6% in September

Boohoo and Wilko cancel orders with suppliers amid slow sales

Boohoo has been cancelling and deferring orders from suppliers and Wilko has deferred…