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Marks Electrical FY revenues drop 7.5%

Marks Electrical FY revenues drop 7.5%

Retail employment falls to its lowest level on record

Retail employment falls to its lowest level on record

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Hot weather helps retail sales jump 1.2% in May

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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 consumer confidence sees sharpest fall in March since pandemic

The fall in consumer confidence is said to be due to households fearing the impact of…

UK economic confidence declines amid global conflict and rising fuel costs

Essential spending declined by 0.6%, with 63% seeking ways to cut the cost of their weekly shop

UK retail sales growth slows to 1.1% in February

Monthly performance falls below 12-month average as wet weather and weak consumer confidence…

BCC warns of price hikes over import tariff changes 

The group warned that removing tax exemptions on small shipments could impact 52% of goods…

Wet weather dampens footfall as it drops 4.7% in Feb

Retailers face steepest decline in shopper numbers since April 2024 as heavy rain and…

Staffing costs rise as 55% of firms expect further increases, ONS finds

New data shows 41% of companies with 10 or more employees saw costs climb in the three…

BRC warns of rising employment costs amid Spring Statement

Its warning comes as unemployment has climbed to 5.2% and is expected to increase further

Shop price inflation slows to 1.1% as competition increases

Shop price inflation rose by 1.1% in the year to February, down from 1.5% in January,…

US strikes on Iran raise fears of oil shock and global trade disruption

Shipping companies are adjusting routes which will impact global supply chains, while the…

Consumer confidence reaches 8-month high as spending expectations rise

Young people remain the most optimistic demographic, with men reporting higher levels of…