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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.

Pound plunges to historic low

The pound has plummeted to an all-time low against the dollar following the sweeping tax…

Chancellor announces sweeping tax cuts in first mini-budget

Chancellor Kwasi Kwarteng has today (23 September) announced a ream of tax cuts alongside a…

BoE raises interest rates to 2.25%

The Bank of England has today (22 September) announced that interest rates will be raised by…

Retail sales fall 1.6% in August as cost of living begins to bite

Retail sales fell by 1.6% in August this year, due to rising prices and cost of living which…

Wickes sees H1 profits fall 6.2% to £33.5m

Wickes has reported that its profits before tax declined by 6.2% for the first half of 2022,…

Inflation falls in August but remains near 40-year high

UK inflation eased slightly in August to 9.9%, down from 10.1% in July, but remains near a…

Unemployment falls to lowest level since 1974

Unemployment has fallen to its lowest level since 1974, currently sitting at 3.6% for the…

Economic recovery slows in July

The UK economy’s growth slowed in July to 0.2% according to the latest figures from the…

BoE delays interest rates decision

UK workers face £2,000 hit to real wages