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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 GDP shrinks by 2.6%

GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity,…

Boots’ parent company reports strong Q1 trading

Walgreen Boots, the parent company of Boots, has reported its first quarter trading has…

Global retail industry deals total $26.98bn in Q3

Total retail industry deals for Q3 2020 worth $26.98bn (£20.2bn) were announced globally,…

Consumer spending drops 2% in November

Consumer spending in the UK fell by 2.9% in November, despite spending on essential items…

Retail hiring falls 20%

Hiring in the UK’s retail sector was down 19.7% in October compared to the same month last…

Consumer confidence falls with Covid restrictions

Consumer confidence in the UK has dropped significantly with the introduction of further…

UK GDP recovers 15.5% in Q3

The UK economy showed signs of recovery in Q3 as GDP grew a record 15.5% from July to September.

Bank of England unveils £150bn covid support package

The Bank of England (BoE) has unveiled it will give the UK economy a further £150bn in…

Half-term sees footfall rise 6.2%

Footfall rose by 6.2% during half-term in the UK, according to the latest data from retail…

UK shop vacancy rate increases to 13.2% in Q3

Shops in the UK are continuing to shutter, with the average shop vacancy rate increasing to…