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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Oct- 2019 -22 OctoberEconomy
Consumer confidence drops in Q3 amid continued Brexit uncertainty
The Deloitte consumer confidence index fell to -9% in Q3 2019, one point lower than in the previous quarter and two points lower compared to the same period a year ago. Confidence is now at a level last seen in Q4 2018 and below the Deloitte Consumer Tracker’s long-running average.…
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18 OctoberEconomy
Retail footfall plummets as autumn begins
Footfall in non-food stores fell by 9.9% year-on-year in September, according to the Retail Traffic Index published by Ipsos Retail Performance. Compared with August, the average weekly footfall in the month fell by -7.3%. Additionally, the number of shoppers visiting the high street in London and the south east continued…
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15 OctoberEconomy
BRC ‘disappointed’ with business rates relief in Queen’s speech
The British Retail Consortium has responded to the Queen’s speech, praising its approach to crime and sustainability but was “surprised and disappointed” at its approach to business rates. Commenting on the speech, which tackled issues such as immigration, crime, business rates and brexit, The BRC said: “The Government should implement…
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15 OctoberEconomy
Grocery sales slow to lowest September growth in two years
Shopping momentum has fallen in September, with grocery sales slowing to +1.7% in the last four weeks. According to new data released by market research data company, Nielsen, this is the lowest growth for UK supermarkets in September in two years. Before the autumnal weather took hold in early October,…
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14 OctoberHigh Street
Retail footfall slumps 10% over last seven years
Retail footfall has dropped by 10% in the last seven years, according to the latest footfall figures from the BRC and Springboard. It comes amid another month of declining footfall, as the number of shoppers visiting high streets stores dropped by 1.7% in September, compared with the same point last…
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11 OctoberEconomy
Brexit concerns lead to slump in retail spending in September
Concerns over a no-deal Brexit led to a decrease in consumer spending in September, according to new figures from the BRC. On a total basis, sales decreased by 1.3% in the five weeks to 28 September 2019, against an increase of 0.7% during the same period last year. This is…
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1 OctoberAdvice
From clicks-to-bricks
2019 continues to be an extremely turbulent time for the retail sector. Barely a week goes by when we don’t hear of yet another, long-standing and well-established high street retailer beginning to crumble as it struggles to keep up with a number of online rivals. In fact, new figures released…
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Sep- 2019 -27 SeptemberEconomy
UK consumer confidence improves in September
GfK’s long-running Consumer Confidence Index increased two points to –12 in September. The index measuring changes in personal finances during the last 12 months has increased by three points this month to +2, one point higher than September 2018. The measure for the general economic situation of the country during…
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19 SeptemberHigh Street
Next profits boosted by continued online growth in H1
Fashion retailer Next has recorded a 2.7% rise in profits for the 26 weeks to July 2019, aided by a 12.6% increase in online sales. Pre-tax profits for the first half of the year were £319.6m compared with £311.1m for the same period last year. Total brand sales also increased…
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12 SeptemberDepartment Stores
John Lewis warns of no-deal Brexit amid £26m loss
John Lewis Partnership has reported a loss of £25.9m for the first half of the year, warning that a no-deal Brexit may lead to “significant” impact it may not be able to mitigate. For the half-year period ending 27 July 2019, the department store chain revealed that revenues slipped by…
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