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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Dec- 2018 -5 DecemberHigh Street
Joules reveals ‘contingency plan’ for a hard Brexit amid strong H1 results
Fashion retailer Joules’ group revenue has increased by 17.6% to £113.1m for the first half 2019 financial year, covering the 26-week period to 25 November 2018. However, the retailer’s executive board anticipates that trading conditions in the UK “will remain challenging over the near term”, with continued “macroeconomic uncertainty, rapidly…
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Nov- 2018 -30 NovemberHigh Street
Retailers ‘unprepared’ for a ‘no-deal’ Brexit, warn analysts
An industry-wide survey has revealed that over a third of retailers indicated they have ‘done little to no preparation’ or feel ‘very underprepared’. According to the research by retail analytics firm Retail Economics, top retailer concerns for a no-deal scenario were supply chain management (64%), availability and cost of labour…
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30 NovemberEconomy
Consumer confidence drops marking ‘season of uncertainty’
Market research firm GfK’s latest Consumer Confidence Index has shown that confidence decreased by three points in November 2018 to -13. There were declines recorded across all five measures used to calculate the Index including general economic situation and personal financial situation. The index measuring changes in personal finances during…
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20 NovemberAdvice
The rise of the serial returner
By 2020 the e-commerce industry’s revenue is expected to reach £500bn. A wealth of opportunity awaits online sellers. Yet the rise of the ‘serial returner’ (individuals who buy goods but repeatedly return them after a few days and uses) presents a huge barrier for businesses hoping to succeed and grow…
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19 NovemberHigh Street
London’s West End remains ‘best-performing’ European shopping destination
London’s West End has retained its position as the best-performing retail centre in Europe, according to figures from independent retail real estate agency, Harper Dennis Hobbs (HDH). With a market share worth almost €10.4bn, (£9.2bn) HDH said the West End is “continuing to thrive”, even with competition from new retail…
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14 NovemberAdvice
What makes a good buyer?
Much focus is often placed upon the ability to sell. Countless lectures, classes, videos and column inches have been dedicated to strategising techniques in selling products to various customers, but with this emphasis on educating people in the art of persuasion, it could be argued that the ability to buy…
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8 NovemberAdvice
Preparing retail for what’s to come right up to and beyond Brexit
Next, one of the biggest British retail names, recently reported ‘better-than-expected’ quarterly results but raised a red flag on Brexit-related risks to its business and the industry as a whole. With threat of online competition already causing uncertainties, ambiguity around Brexit has added to the challenges keeping retailers alert. This…
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1 NovemberEconomy
Bank of England puts hold on interest rates due to Brexit uncertainty
The Bank of England has placed interest rates on hold following growing uncertainty around Brexit. A vote to leave rates unchanged held by the bank’s Monetary Policy Committee (MPC) was in favour of leaving rates at 0.75% by 9-0. Financial markets are currently indicating that rates will not rise until…
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Oct- 2018 -31 OctoberHigh Street
‘Brexit anxieties’ lead to decrease in consumer confidence in October
Growth from Knowledge’s (GfK) long-running consumer confidence index decreased by one point to -10 in October 2018, amid consumer anxieties over Brexit. The market research institute said the lack of confidence from shoppers will “concern retailers” in the run-up to Black Friday, Cyber Monday and the key Christmas trading period,…
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23 OctoberGovernment
New West End Company issues ‘stark’ warning to government over tax-free shopping
The New West End Company (NWEC) has issued a “stark” warning to the government over tax-free shopping in a joint letter to chancellor Philip Hammond, signed by over 300 West End retailers. In the letter, the trade body warned that the UK risked a further loss of international competitiveness post-Brexit…
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