Economy

Economic conditions have a direct impact on consumer spending, supply chain costs, and trading performance across the UK pet industry. Pet Gazette tracks how inflation, interest rates, labour shortages, and broader macroeconomic pressures affect pet retailers, wholesalers, and brand distributors. Coverage includes commentary on pet sector resilience during downturns, price sensitivity among shoppers, and shifts in demand for premium vs value ranges. We also report on government economic policy, retail footfall data, and financial forecasts relevant to pet businesses navigating changing market conditions.

Aug- 2020 -

12 August

Economy

UK in recession following 20% GDP slump

The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the second quarter of the year. According to the Office for National Statistics, GDP slumped by 20.4% between April and June 2020, compared with the 2.2% drop seen during Q1 2020…
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7 August

Tips

3 Reasons the Pet Industry Is Safe From the Pandemic

The coronavirus pandemic has disrupted the world in innumerable ways. Global stay-at-home orders have severely impacted several industries, with many businesses permanently closing. Although the uncertainty brought by the pandemic devastated the economy, some industries continue to thrive—including the pet industry. It’s no secret that pets all over the world…
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7 August

Coronavirus

Poor July sales rock high street recovery

Poor in-store sales through the month of July have “dampened hopes of a recovery” across UK high streets, according to the latest High Street Sales Tracker from BDO. In-store like-for-like sales decreased by 39.4% last month, down from a marginal base of 0.1% that was reported the year before. According…
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7 August

Retailers

Usdaw warns business rates increase could risk more jobs

Retail trade union Usdaw has expressed “major concerns” over reports that the government is considering increasing business rates for premises with a rateable value over £51,000. The news comes as reports suggest Rishi Sunak is considering increasing business rates in an effort to boost the UK economy. Instead, Usdaw is…
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5 August

Features

Barking up the right tree

Prior to COVID-19 completely changing the way we, as consumers behave, the pet industry was leading in terms of innovation, cross-sector development and retail growth. One of the industry leaders, Pets at Home, reported record sales for year ending 26th March 2020, exceeding the £1bn mark. Pet food brands large…
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Jul- 2020 -

13 July

Coronavirus

Businesses must remain Covid-secure, warns HSE

The Health and Safety Executive (HSE) has warned businesses that they must ensure they are Covid-secure as lockdown measures ease across the UK. According to the authority, inspectors will be “out and about”, spot-checking employers that they are complying with health and safety law. HSE defines “Covid-secure” as being “adaptable…
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9 July

Retailers

Bira ‘disappointed’ mini-budget does ‘not help indie retailers’

The British Independent Retailers Association (Bira) has expressed its “disappointment” that Chancellor Rishi Sunak’s mini-budget does not “directly help retail business owners”. Sunak announced a raft of further measures to support the recovery of the economy following the coronavirus lockdown, in Parliament yesterday (8 July). Features of the budget included…
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7 July

Economy

Usdaw urges chancellor to announce retail recovery plan

Retail trade union Usdaw is calling on the chancellor to announce in Wednesday’s (8 June) economic statement an “urgent recovery plan” for the “struggling retail industry”, which is developed with trade unions and retail employers. Some of the factors, Usdaw is urging the government to cover fundamental business rates, an…
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3 July

Economy

Consumer confidence increases in June

GfK’s fourth Covid-19 flash report has revealed Consumer Confidence Index increased by three points to -27 over the past two weeks. Joe Staton, GfK‘s client strategy director, said after the recent “near-historic low” of -36 for the Consumer Confidence Barometer last month, there are some early signs of improvement across most measures…
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Jun- 2020 -

30 June

Economy

Revised ONS data reveals greater GDP drop in Q1 2020

The UK’s gross domestic product (GDP) in volume terms fell by 2.2% in Q1 2020, which has been revised downwards by 0.2 percentage points from the Office for National Statisitic’s (ONS) first quarterly estimate. The ONS said it is the largest fall in UK GDP since Q3 1979, when it…
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