Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
-
Jul- 2019 -31 July
Consumer confidence increases by two points in July
Consumer confidence rose by 2 overall to -11 for the month of July, according to GFK’s Consumer Confidence Index. Personal finance situation for the next 12 months continues to recover, +5 for the month, matching the same period last year. The major purchase index increased six points in July to…
Read More » -
9 July
‘Worst June on record’ for retail sales, says BRC
On a total basis, sales decreased by 1.3% in June, against an increase of 2.3% in June 2018, according to new data from the BRC. The group said the decline dragged the three-month average into a decline of 0.1% and the 12-month average to an increase of 0.6%, the lowest…
Read More » -
9 July
Online to make up more than 50% of retail sales in 10 years
Online shopping will account for more than 50% of retail sales (up from 19% currently) in the next 10 years according to a new report, The Digital Tipping Point, out today (Tuesday 9 July). Commissioned by law firm Womble Bond Dickinson (WBD) which advises a wide range of retailers, the…
Read More » -
5 July
Retail sales slump in June
Like-for-like in-store sales fell by -0.8% in June according to the High Street Sales Tracker (HSST), published today by accountancy and business advisory firm BDO. The firm said the poor performance came from a weak benchmark of -1.7% for the same period last year and is a further blow to…
Read More » -
1 July
Retailers see fastest drop in sales since financial crisis, says CBI
Retail sales volumes fell at its fastest pace since March 2009 in the year to June, according to new research from business organisation firm CBI. The survey of 88 firms found that 58% of retailers said sales were down compared with June last year. Within the retail sector, grocers were…
Read More » -
Jun- 2019 -28 June
UK consumer confidence slips in June
Market research company GfK’s long-running Consumer Confidence Index has showed that confidence among consumers in the UK has decreased by three points to -13 in June. The measure for the general economic situation of the country during the last 12 months decreased month to -32 during the month, four points…
Read More » -
25 June
UK grocery market sees ‘modest’ growth despite wet start to summer
The latest grocery market share figures, published by research, data and insight consultancy company Kantar, show supermarket sales grew by 1.4% year-on-year during the 12 weeks to 16 June 2019. According to the firm, the “modest” level of current growth has been the result of a wet start to the…
Read More » -
21 June
Retail sales slump in May
The quantity bought in May 2019 decreased by 0.5% when compared with the previous month, with a strong decline of 4.5% in clothing sales, according to new figures from the ONS. However, in the three months to May 2019, the quantity bought in retail sales increased by 1.6% when compared…
Read More » -
17 June
20,000 shops gone from high street since 2010
Since 2010 more than 20,000 shops have “disappeared” from high streets and the communities that they once served, according to the real estate advisor, Altus Group. Analysis of official government data by Altus Group revealed that between 2010 and 2019, 20,143 shops in England and Wales – liable for business…
Read More » -
6 June
Banking red tape holding back UK retailers abroad
Almost three quarters (71%) of UK retailers would like their businesses to further expand internationally, however most (57%) believe overseas expansion is fraught with risk, according to new research conducted by buy now, pay later service Laybuy. The research, published today (6 June), surveyed over 200 UK retailers and…
Read More »
