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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.

BoE raises interest rates to 1.25%

The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to…

Halfords lowers FY23 profit expectations despite ‘resilient’ performance

Halfords Group plc has announced it has downgraded its profit expectations for the year…

Games Workshop profits to hit £155m in FY results

Games Workshop has announced that its profit-before-tax is set to hit £155m in the year to…

UK unemployment rate hits almost 50-year low

Almost 650,000 UK retail jobs lost since 2017

Almost 650,000 jobs have been lost in the UK’s retail sector over the past five years,…

Inflation increases strain between supermarkets and suppliers

The increase in inflation and cost price has weakened the relationships between the UK’s…

Retail sales dip in May as consumers cut spending

Sales across retail decreased by 1.1% in May, against an increase of 28.4% in May 2021, as…

Almost half of businesses hit with price increases

West End set for £80m injection over Jubilee weekend

The New West End Company, which represents 600 retail, restaurant, hotel and property owners…

Moonpig to acquire Buyagift for £124m

Moonpig Group has announced the proposed acquisition of the entire issued share capital of…