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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 0.1% in second quarter

The UK economy contracted by 0.1% in the second quarter of the year (Apr to June) 2022,…

Retail leaders call on police to prioritise retail crime

Some 106 of the UK’s leading retail voices have reportedly written to Police and Crime…

Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost…

Deliveroo losses widen as Simon Wolfson steps down from board

Deliveroo has revealed its H1 pre-tax losses have widened to £147m from £95m the year prior…

Sharon White: Gov needs to get over 50s back into work to curb inflation

The boss of John Lewis has said the large number of over 50s who left the workforce during…

Women’s Euro and summer heatwave reduce online retail sales decline

Online retail sales growth dipped -2.3% year-on-year (YoY) in July 2022 as the Women’s Euro…

Tax cuts won’t solve economic crisis, says Next CEO

Simon Wolfson, the chief executive of fashion retailer Next, has claimed that inflationary…

BoE hikes rates to 1.75%, warns UK to enter recession until 2024

The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest…

Footfall declines in July as north-south divide grows

Footfall weakened in July to -14.2% below 2019 from -12.3% in June 2022 with the…

Zalando to return to growth in H2 despite Q2 profit fall

Zalando, the online fashion retailer, has revealed it expects to return to growth in H2…