All the updated news related to retail economics

All the news related to retail economics updated in real time

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Early Christmas shopping helps UK retail sales rebound in October

UK retailers saw a slight recovery in sales last month in the run up to Christmas but they still remain below pre-pandemic levels, according to official figures. The Office for National Statistics (ONS) said retail sales volumes increased by 0.6% in ...

18 Nov 2022 at 11:34

City

Primark hopes to put pressure on rivals with price freeze pledge

The boss of Primark’s parent company hopes that a promise not to announce any further price hikes before next autumn can put pressure on some of his rivals as shoppers are put under strain during the cost-of-living crisis. George Weston said that ...

08 Nov 2022 at 10:48

Personal Finance

Nearly £25bn of consumer spending could be ‘lost’ this financial year – report

Nearly nine in 10 (86%) people plan to reduce their spending over the year ahead, potentially wiping out nearly £25 billion-worth of discretionary outgoings in the “cut-back economy”, researchers estimate. Their report indicates that more than a ...

19 Jul 2022 at 01:01

City

Primark pledges no new price rises before autumn 2023 as customers tighten belts

Primark will not increase prices any more than already planned before next autumn despite soaring costs for the business, its parent company has said. AB Foods said that, as customers tighten their belts, it wants to make sure they still see ...

08 Nov 2022 at 08:56

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