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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Feb- 2019 -28 FebruaryEconomy
UK consumer confidence up despite Brexit ‘fears’
Gfk’s long running Consumer Confidence Index Score went up by one point in February to -13, despite the continuous uncertainty surrounding Brexit. The measure for the general economic situation of the country during the last 12 months increased by two points to -33 this month, four points lower than February…
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27 FebruaryEconomy
Shop price inflation hits six-year high
Shop price inflation increased by 0.7% in February, up from 0.4% in January, and is the highest inflation rate since March 2013. According to the BRC, non-food prices rose by 0.2% year-on-year during the month, compared with the January decrease of 0.2%. Additionally, food inflation rose slightly to 1.6%, up…
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22 FebruaryHigh Street
January posts lowest footfall decline in three years
January footfall declined 0.8% according to the latest data from Ipsos Retail Performance – the lowest decline in three years. Ipsos said the figures indicate that Britain’s shoppers “are getting on with the certainties of everyday living” despite the uncertainties of Brexit.Further figures showed that year-on-year deficits over three…
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21 FebruarySupply Chain
UK and Ireland retailers warn of no-deal tariffs
With just 36 days until the UK leaves the EU the leading retail bodies in Ireland, Northern Ireland and the United Kingdom have said a no-deal Brexit could have “devastating consequences”. The British Retail Consortium (BRC), Northern Ireland Retail Consortium (NIRC) and Retail Ireland have issued a joint statement highlighting…
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20 FebruarySupermarkets
Asda reports seventh consecutive quarter of sales growth
Asda has reported a 1% increase in like-for-like sales for the three months to the end of December, its seventh consecutive quarter of growth in this area. However, growth was slower when compared with the 2% increase the ‘Big Four’ grocer experience in the three months prior. Commenting on Asda’s…
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19 FebruaryEconomy
Majority of shoppers say Brexit won’t affect spending
A survey of over 2,000 consumers conducted by PwC has shown that more than 60% of respondents said Brexit will not and has not affected how much they will spend for the year ahead. The findings in PwC’s 2019 Retail Outlook revealed respondents in the north east of the country…
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13 FebruaryHigh Street
Dunelm profits and sales jump as it reveals Brexit stockpiling
Furniture and homewares retailer Dunelm has seen its profits and sales jump it its latest half-year results, as it also revealed it is stockpiling ahead of Brexit. Dunelm’s profit before tax grew 16.7% to £70m while like-for-like revenue rose 6.9% to £506m for the six months to the end of…
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12 FebruaryEconomy
More retailers allowing international payments as Brexit looms
Analysis of the UK’s top 250 retailers has found a 19% year-on-year increase in the number of brands offering the option to pay in international currency. The figure forms part of an annual performance index carried out by e-commerce and digital agency, Visualsoft. The report examined the sector’s biggest names…
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11 FebruaryHigh Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since Christmas day, according to new data from real estate data service Altus. Oddbins, Patisserie Valerie, Greenwoods, Chapelle, tReds and HMV have all entered administration, with the music and film retailer…
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1 FebruaryHigh Street
Oddbins falls into administration
Off licence chain Oddbins has fallen into administration with parent company European Food Brokers (EFB) blaming the deterioration of the high street, Brexit and “economic uncertainty”. Duff & Phelps has been appointed to run the business and help it to find a buyer. Oddbins has 45 outlets across the UK…
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