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.
-
Mar- 2019 -28 MarchEconomy
Retail sales fall in March
Retail sales volumes fell in the year to March, compounding a “subdued start to 2019”, according to the latest monthly CBI Distributive Trades Survey. The survey of 105 firms, of which 50 were retailers, showed an 18% drop in retail sales volumes, the fastest contraction in 17 months and marking…
Read More » -
27 MarchOnline & Digital
Shopper satisfaction with online delivery falls
New research has suggested that there has been a “notable decline” in shopper satisfaction with online delivery, after several years of it remaining stable. The findings come from the IMRG Consumer Delivery Review 2018, an annual survey asking 2,000 UK shoppers 50 questions to understand their perceptions of online delivery.…
Read More » -
26 MarchClothing & Shoes
JoJo Maman Bebe founder says retail sector is ‘extremely tough’
The founder of babywear brand, JoJo Maman Bebe, has said consumer confidence is at an all-time low in an “extremely tough” retail sector. JoJo Maman Bebe has seen 20% growth per year and now has the capacity to send out 6,000 parcels a day, recently however, the company says it…
Read More » -
22 MarchHigh Street
Crime cost retailers £1.9bn last year
The British Retail Consortium’s (BRC) annual Retail Crime Survey has revealed the total cost of crime and crime prevention for retailers was £1.9bn last year. This was up 12% from the previous year (£1.7bn) and was made up of £900m direct cost from retail crime, and £1bn spent in efforts…
Read More » -
15 MarchEconomy
Mild February fails to significantly boost UK retail spending
The total retail spend index in February rose only 3.4 percentage points (ppts) versus a poor performance in January, according to data and analytics company GlobalData. Analysts said this subdued growth was “especially disappointing” in light of the UK experiencing the hottest February on record, which should have driven sales.…
Read More » -
11 MarchHigh Street
Feb footfall signals 15th month of decline
Footfall fell by 2% in February, a significant decline compared with the previous year, when it fell by 0.2%, and marks the fifteenth consecutive month of decline. According to the BRC’s figures it was also the weakest February in five years. High street footfall was found to have declined by 1.9%, marking seven consecutive months of weakening…
Read More » -
8 MarchEconomy
Worst February in a decade for retailers, says BDO
High street retailers suffered the worst February in a decade for in-store sales, according to figures from BDO’s latest High Street Sales Tracker (HSST). According to the accountancy and business advisory firm, in-store like-for-like sales dropped -3.7% this month from a “poor base of” -1.6% for February last year. Additionally,…
Read More » -
5 MarchComment
What will a no-deal Brexit mean for retail?
We’re now just one month away until Britain leaves the European Union and we appear no closer to knowing whether we’ll be departing with a deal or without one. One sector which is set to bear the brunt if we leave without a deal is retail. In a report by…
Read More » -
5 MarchHigh Street
February retail growth hit by ‘Brexit uncertainty’
February retail growth was hit by “Brexit uncertainty” according to the BRC as on a total basis, sales increased by 0.5% in the month, a slowdown when compared with 1.6% in February 2018. This was found to be below both the three-month and 12-month averages of 0.9% and 1.2% respectively.…
Read More » -
Feb- 2019 -28 FebruaryAnalysis
How can small businesses prepare for Brexit?
Unfortunately one of the most significant problems regarding Brexit is the uncertainty. It was in 1973 that the UK, along with Denmark and Ireland, joined the European Economic Community – as the EU then was. This was a time when the political, cultural and economic landscape was vastly different. As…
Read More »
