Brexit
This coverage examines the impact of Brexit on the UK retail sector, with reporting on trade agreements, tariffs, supply chain disruptions, labour market changes, and regulatory adjustments. Insights are tailored to retail managers and executives assessing how post-Brexit developments shape operations, costs, and strategic planning within the industry.
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Nov- 2019 -11 NovemberHigh Street
Brexit woes and wet weather dampen October footfall
Retail footfall faced further decline in the month of October, according to new figures from the BRC-Springboard Footfall and Vacancies Monitor. Footfall in non-food stores fell -6.2% from October of the previous year, whilst shopper numbers fell significantly by -3.2%. Reduced footfall was felt in all sectors of retail, across…
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7 NovemberComment
Sustainability Consumerism: How retailers are on the front line
We live in febrile times, and for once we are not talking about Brexit. Within the last year we have seen a global backlash against disposable plastics and mounting concern over climate change. Anxiety about deforestation, and especially the uncontrolled spread of industrial scale farming and ranching, also made the…
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1 NovemberHigh Street
Mike Ashley’s holding company sees profits plunge 80% in 2018
Mike Ashley’s holding company, Mash Holdings, saw pre-tax profits plunge by 80% to £20.9m in 2018, according to recently filed accounts on Companies House. The group attributed the profits decline to its performance during the 2017 financial year, when the company saw increased profits from the sales of Dunlop and…
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Oct- 2019 -31 OctoberEconomy
Consumer confidence drops further in October
Gfk’s long-running Consumer Confidence Index decreased two points to -14 in October. The measure for the general economic situation of the country during the last 12 months decreased by one point during month to -33, five points lower than in October 2018. Expectations for the general economic situation over the…
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31 OctoberEconomy
Schuh pre-tax profits fall by £7m amid ‘extremely challenging year’
Schuh has reported a £7m fall in pre-tax profits to £6.1m attributed to a second consecutive year of “extremely challenging” conditions for retail, according to accounts filed at Companies House this week. For the year ending January 2019, the footwear retailer reported fall in turnover by over £20m to £288.4m…
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30 OctoberEconomy
Shop prices decrease again in October
Shop price deflation decelerated to 0.4% in October from -0.6% in September, according to new figures from the British Retail Consortium (BRC). The results are below the 12- and six-month average price changes of 0.2% and -0.2%, respectively. Additionally, non-Food deflation decelerated to 1.5% in October, from -1.7% in September,…
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30 OctoberHigh Street
Next Q3 sales affected by ‘unusually’ warm weather
Fashion retailer Next has reported a 6.3% decrease in retail sales for the three months to 26 October. The drop in sales was attributed to the group’s September trading, which was “adversely” affected by unusually warm weather. Additionally, it said “strong” sales in July pulled forward sales from August. Despite…
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29 OctoberEconomy
Retailers report ‘record high’ stock levels in October
Retailers’ stock levels in relation to expected sales were at their highest on record in October, according to the latest monthly CBI Distributive Trends Survey. The news comes against the backdrop of a continuing decline in sales on the high street, and the latest spike in stock adequacy (the highest…
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24 OctoberPeople Moves
85,000 retail jobs lost in the last year
Third-quarter retail employment fell by 2.8% year-on-year, the equivalent of around 85,000 jobs, marking the 15th consecutive quarter of decline in the retail workforce. According to the latest figures from the British Retail Consortium (BRC), full-time employment saw a decrease of 4.5% compared to the decrease in part-time employees of…
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23 OctoberOnline & Digital
Online retail sales drag in September
Online sales grew by a marginal 0.6% year-on-year in September, according to the latest IMRG Capgemini Online Retail Index. The firm said that despite the “extended period” of challenging results, September’s figures failed to match the already low six and 12-month rolling averages (respectively +2.3%, +5.3%), and plummeted well below…
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