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.
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Jan- 2018 -3 January
Retail entertainment reaches โall-time-highโ in 2017
The size of the UKโs retail entertainment market reached an all-time high of ยฃ7.24bn in 2017 driven mainly by digital streaming services, according to new data.ย In figures compiled by the Entertainment Retailers Association (ERA), the market segment saw combined sales growth of 8.8% across music, video and games, compared…
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2 January
Festive footfall disappoints despite increase on New Years Day
Footfall dropped by -10.5% on New Yearโs Eve compared with the previous year, according to new retail footfall data. Springboard, a provider of automated footfall monitoring services, reported footfall dropped significantly and unexpectedly on New Year’s Eve across the UK, declining by -10.5% over the 24 hours and by -7.2%…
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Nov- 2017 -21 November
Online retail growth lower than average in pre-Black Friday lull
Despite showing a year-on-year growth of 12.6%, online retail sales figures in October were lower than average suggesting a pre-Black Friday lull. According to the latest figures from the IMRG Capgemini e-Retail Sales Index, this was lower than both the average YoY growth rate of 14.3% for the last 3…
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20 November
Retail bosses call on Chancellor for ‘shoppers’ budget’
Leading CEOs from across British retail are today backing Phillip Hammond, the Chancellor, to deliver a โshoppers’ Budgetโ including decisive action in his upcoming Budget to relieve the business rates burden. The British Retail Consortium (BRC) says that without action in the Budget on Wednesday (22 Nov), retailers alone face…
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