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 Sectorโs 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.
-
Jul- 2018 -31 July
Games Workshop sees profit increase of ยฃ32m
Games Workshop has announced a pre-tax profit rise from ยฃ38.4m in the previous financial year to ยฃ74.5m in 2018. The hobby retailer also saw a ยฃ42m rise in revenue from ยฃ158m to ยฃ220m over the same period. Operating profit before receivable royalties also saw a large rise from ยฃ38.3m up…
Read More » -
27 July
House of Fraser CVA delayed by landlords
House of Fraserโs planned company voluntary agreement (CVA) has been delayed by landlords who have launched legal action, with representatives call the plans “unfairly prejudiced”. New House of Fraser owners C.Banner, filed an announcement with the Hong Kong stock exchange yesterday (26 July) explaining that the company would need additional…
Read More » -
26 July
Fifth of UK retailers plan to axe jobs in the next three months
New research has found that almost a fifth of UK retailers are planning to cut staff in the next three months. The research by the British Retail Consortium (BRC) found that the number of people employed in the UK retail sector had fallen by nearly 3% in the last three…
Read More » -
25 July
BRC welcomes โmuch neededโ review into card-acquiring services
The British Retail Consortium (BRC) has welcomed news that the Payment Systems Regulator (PSR) will carry out a market review into card-acquiring services due to an โalarming increase in card fees and chargesโ. Andrew Cregan, policy adviser at the BRC has welcomed the review, and said it comes at a…
Read More » -
24 July
Hammerson shares rise as plans to sell ยฃ1.1bn of retail parks and cut board revealed
Shopping centre and retail park giant, Hammerson, has announced plans to reduce the size of its board and sell off ยฃ1.1bn in retail parks. The announcement, which comes just after the company sold parks in Bristol and Kirkaldy for ยฃ164m, said the company was planning to focus on โflagship retail…
Read More » -
24 July
Over 30,000 retailers in ‘significant financial distress’ at end of Q2
Over 30,000 retailers were found to be in โsignificant financial distressโ at the end of June 2018, according to research Professional services firm Begbies Traynorโs โRed Flag Alertโ research for Q2 2018 found 472,183 businesses were experiencing financial distress, a 9% increase when compared with the same period the previous…
Read More » -
20 July
High street struggles drag sterling down to $1.30
The pound has been dragged down to $1.30 by declining high street footfall and the financial woes of a slew of retail brands. An increase in retail sales of 0.2% had been predicted by the Office for National Statistics (ONS), however statisticians were surprised by a fall of 0.5% in…
Read More » -
19 July
Frozen food retail continues to grow
Frozen food value growth continues across almost every category, according to latest statistics in the 52 weeks to 18 June 2018. Data gathered by Kantar Worldpanel revealed 5.4% value growth year-on-year for the retail frozen food market, meaning the total value of the segment is now more than ยฃ6.1bn. The…
Read More » -
18 July
Hot weather and World Cup fever spurs online retail growth
UK online retail sales were up during June this year, as the hot weather and start of the FIFA World Cup spurred 16.9% year-on-year (YoY) growth in retail sales, according to the latest IMRG Capgemini e-Retail Sales Index. Both multichannel and online only retailers performed well, increasing 14.8% and 18.7%…
Read More » -
17 July
Bad debt owed to UK retailers rises to ยฃ53.6m in three months
There has been a 2464.5% increase in bad debt owed to UK retailers in the last three months, according to credit report company Creditsafeโs quarterly Watchdog Report. This has been a rise of more than ยฃ51.5m, bringing the total to ยฃ53.6m and the firm has said that the debt is…
Read More »
