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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Sep- 2019 -6 SeptemberAdvice
The festive season survival guide
As the uncertainties caused by the likes of Brexit, PSD2 and strong customer authentication swirl around retailers, life still presents its certainties: death, taxes and the mad rush produced annually by the approaching Christmas shopping season. No doubt the festive season is a positive for retailers, a spike in orders…
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5 SeptemberHigh Street
Retail salaries rise in August but job vacancies fall ‘dramatically’, report reveals
Retail businesses increased pay for staff by 1.4% in August, according to new data from independent job board CV-Library. Despite this positive trend, CV-Library said the findings, which analyse job market data from August 2019 with the same period in 2018, revealed that the amount of retail jobs on offer…
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4 SeptemberComment
Inventive independent retailers attract cautious customers
We’ve been hit with a barrage of reports that suggest big box retail is struggling to keep up with changes to the high street. In July, the British Retail Consortium released data that found retailers experienced their worst month of trading since records began, as Brexit, consumer spending and discounting…
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2 SeptemberGovernment
Retail business rates could rise by £169m over the next 12 months
Retailers could see a £169m increase in business rates next year, prompting renewed calls for the government to overhaul the system. Calculations by real estate advisors Altus Group found gross business rates bills (including non-retail) for the financial year 2020/21 would increase by £662.15m in England, if the headline rate…
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Aug- 2019 -30 AugustEconomy
UK consumer confidence decreases three points in August
GfK’s long-running Consumer Confidence Index decreased by three points to -14 in August. The measure for the general economic situation of the country during the last 12 months decreased by two points in August month to -34, eight points lower compared with the same period last year, and expectations for…
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29 AugustSupermarkets
McColl’s Q3 sales fall 3.6% amid poor weather and Brexit uncertainty
Convenience retailer McColl’s has reported a 3.6% drop in revenue during the third quarter of the year, attributed to the “challenging retail trading environment” and “poorer weather across the summer”. During the 13 week period ending 25 August 2019, McColl’s revealed like-for-like (LFL) sales were also down 2.2%. This means…
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28 AugustSupermarkets
Tesco workers to consult EU court over equal pay
Thousands of Tesco supermarket workers have submitted an application to the European Court of Justice for clarification on equal pay legislation. Law firm Leigh Day is representing store workers at the supermarket chain, who are demanding equal pay with workers in its distribution centres. The legal clarification will also seek…
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28 AugustHigh Street
Shop prices down amid ‘weak consumer spending’ and ‘stiff competition’
August Shop Prices fell by 0.4% compared to a 0.1% decrease in July attributed to “weak consumer spending” and “stiff competition, according to latest BRC-Nielsen Shop Price Index. This is below the 12 and six-month average price increases, both of 0.3%, and is the fastest rate of decline since June…
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14 AugustPeople Moves
Superdry appoints new CFO
Superdry has appointed Nick Gresham as its new chief financial officer on a permanent basis. Gresham joined Superdry as Interim CFO on 3 June 2019, and commenting on his appointment, Peter Williams, chairman of the board of Superdry, said: “Nick has made a great impact since joining Superdry in an…
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13 AugustEconomy
UK can avoid no-deal ‘Brexit chaos’, says Next CEO
Next CEO Simon Wolfson has said he believes that the UK will avoid “serious disruption” in the case of a no-deal Brexit. Speaking to the BBC’s Today Programme, Wolfson, who supported the Leave campaign in 2016, believes a no-deal Brexit will only lead to “mild disruption”. He said the government’s…
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