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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Aug- 2018 -31 AugustHigh Street
UK consumer confidence jumps three points in August to -7
The GfK’s long-running consumer confidence index showed an increased of three points to -7 in August 2018. The index which measures changes in personal finances during the last 12 months has also increased by three points this month to +4, two points higher compared with the same period time last…
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21 AugustHigh Street
Office Outlet announces CVA proposal
Stationery retailer Office Outlet has announced a company voluntary arrangement (CVA) proposal to restructure its UK store estate as part of its ongoing turnaround strategy. The retail chain formerly known as Staples has spent the last two years performing an operational restructuring which it said has “significantly improved” its store…
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13 AugustEconomy
Household spending drops 0.9% in July
Household spending dropped 0.9% in July due to “disappointing growth” in real earnings, according to Visas’ UK Consumer Spending Index. The quickest fall in spend was registered in retail categories, decreasing by 1.2% year-on-year, and ecommerce expenditure fell by 0.5% after a marginal rise during June (0.4%). According to the…
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2 AugustEconomy
Over half of UK businesses braced for revenue drop due to Brexit
Over half of UK businesses believe Brexit will trigger a drop in revenue in 2019 according to new research by business intelligence and analytics solutions provider, MHR Analytics. The findings were published in the firm’s new report ‘Business Insight: The Data Surge’ which contains detailed polling of 200 senior decision-makers…
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Jul- 2018 -31 JulyEconomy
Consumer confidence dips in July
Consumer confidence dropped in July despite the boost of the World Cup and heatwave, a new survey suggests. According to GfK’s most recent Consumer Confidence Index, which surveys 2,000 respondents, confidence dropped by one point to -10 compared with June. The index has registered confidence levels at zero or below…
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27 JulySupermarkets
Stockpiling of food ‘not a practical response’ to a no-deal on Brexit
The British Retail Consortium (BRC) has said the stockpiling of food is not a practical response to a no-deal on Brexit and the industry “has not been approached by the government to begin planning for this”. According to the association, retailers do not have the facilities to house stockpiled goods…
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25 JulySupply Chain
Food supply chains ‘in danger’ under Brexit
The British Retail Consortium (BRC) has warned about the potential for damaging consequences for UK consumers and EU producers if a Brexit agreement is not reached between the EU and UK from 29 March 2019. The BRC sent a letter to UK prime minister Theresa May and the European Union’s…
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23 JulyAdvice
Why Poundworld’s failure to differentiate from other discounters led to high street demise
Poundworld, which is set to disappear from the UK high street by early August 2018, must look to its own failures and in particular its failure to stand out from other discounters. It is easy to assume that the higher supply costs stemming from Brexit, ferocious competition amongst discounters and…
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23 JulyGovernment
Committee finds retailers ‘poor’ at regulating fur sales
The Environment, Food and Rural Affairs Committee has found that retailers, local authorities and Trading Standards have been “poor at enforcing regulations around the sale of real fur”, following its recent inquiry. The committee also said that Brexit would provide an opportunity for the UK to improve its system of…
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9 JulyGovernment
Asda CEO: Hard Brexit could have ‘significant consequences’ for food supply and quality
Asda CEO Roger Burnley has expressed his concerns that a ‘hard’ Brexit could have “significant consequences” for food supply and quality. He described the prospect of holdups at the UK border as “scary”, adding: “You’d be eating into the life of products with all sorts of implications for waste, for…
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