Austerity
This coverage examines the impact of UK government austerity measures on the retail sector, offering insights for professionals managing retail operations, strategy, and workforce planning. It reports on how spending cuts and fiscal policies have influenced consumer behaviour, operational costs, and the viability of retail businesses. The reporting also addresses the broader economic implications, including job losses and store closures, providing context for strategic decision-making in the retail industry.
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Dec- 2018 -5 DecemberAnalysis
Why are retail spaces shrinking across England and Wales?
Across the UK, retailers are struggling to survive. This is down to several factors: years of austerity and low wage growth has meant that households have less spending power, the cost of imported goods has risen – as has the national minimum wage – and the trend of “bricks to…
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Oct- 2018 -31 OctoberHigh Street
‘Brexit anxieties’ lead to decrease in consumer confidence in October
Growth from Knowledge’s (GfK) long-running consumer confidence index decreased by one point to -10 in October 2018, amid consumer anxieties over Brexit. The market research institute said the lack of confidence from shoppers will “concern retailers” in the run-up to Black Friday, Cyber Monday and the key Christmas trading period,…
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