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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 inflation hits four-year low

The UK’s inflation rate dropped to 0.5% in May, down from 0.8% in April, according to new…

UK GDP slumps over 20% in April as full impact of Covid-19 is felt

GDP slumped by 20.4% in April 2020, following a fall of 5.8% in March, according to the…

Majority of SMEs believe UK is headed for deep recession post-pandemic

Almost seven in 10 (69%) small business owners believe the UK is heading for a deep…

UK GDP expected to decline 7.2% in 2020 amid ongoing pandemic

The continuing impact of the Covid-19 virus is expected to see the UK economy contract by…

Consumer spending drops 26.7% year-on-year in May

Consumer spending contracted 26.7% year-on-year in May.

Consumer confidence drops further in May

GfK’s long-running Consumer Confidence Index has decreased by one point to -34 for May, as…

UK economy shrinks by 2% as pandemic takes its toll

The UK’s economy shrank by 2% in the three months to 31 March 2020, as a result of the…

Chancellor expected to extend furlough scheme to September

Chancellor of the Exchequer Rishi Sunak is expected to extend the Government’s coronavirus…

Quarter of retail SMEs will need up to two years to recover

Nearly a quarter (22%) of SMEs in the retail sector believe it will take up to two years to…

Covid-19 could cause UK economy to shrink by 35%, says OBR

The UK’s economy could shrink by as much as 35% in the second quarter of 2020 due to the…