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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Jun- 2018 -29 JuneAdvice
Could ‘good cost, bad cost’ rescue the UK high street?
A series of high-profile CVAs and administrations in recent months are a powerful reminder of the tough conditions currently facing the UK high street. The fall in the value of the pound post-Brexit, combined with squeezed consumer spending and recent hikes in business rates have brought many retailers to breaking…
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5 JuneClothing & Shoes
Matalan announces results for its yearly financial overview
Matalan, the clothing retailer which has 227 stores, announced today its results of their yearly financial performance. Total revenue was almost £1.1bn with an increase of 11.7% in full price sales. Jason Hargreaves, CEO of Matalan, said: “The business has delivered a strong year, in which it outperformed the market…
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May- 2018 -21 MayEconomy
SME retailers see international payments double
Small and medium-sized retailers (SMEs) are responding to macroeconomic pressure in the UK by expanding internationally, according to a survey. WorldFirst’s latest Global Trade Barometer (GTB) quarterly survey from the currency exchange service company found that the average SME retailer made overseas transfers of £54,274 in Q1 2018 – nearly…
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10 MayDepartment Stores
House of Fraser £43.9m loss revealed in new document
A document released by House of Fraser’s new owner C.Banner has revealed that the department store suffered a £43.9m loss in 2017. The slump was attributed to Brexit, London’s terrorist attacks and the ‘rapidly evolving’ retail market. The document was submitted to the Hong Kong Stock Exchange, where C.Banner announced…
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2 MayEconomy
Fall in shop prices marks fifth year of deflation
Shop prices fell by 1% in April marking the fifth year of deflation for retail prices. According to the British Retail Consortium (BRC) and Nielsen’s monthly Shop Price Index’s, this also represented the deepest period of deflation since last February. This drop fell in line with the pace of decline…
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Apr- 2018 -27 AprilOnline & Digital
Shoppers seek overseas ecommerce to combat Brexit prices
A third of UK online shoppers have chosen to buy from abroad according to a survey by online shopping community Pepper.com. Shoppers are thought to be looking overseas due to a rise in UK prices following the UK’s vote to leave the EU. The UK is much more loyal to…
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3 AprilEconomy
21,000 retail jobs lost or threatened so far this year
Over 21,000 jobs have been axed or put at risk in the first three months of the year as retailers struggle to break even. A Press Association analysis revealed that 21,413 staff members have already been made redundant or had their role threatened, with the majority being from large high-street…
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Mar- 2018 -27 MarchAnalysis
GDPR could be the best thing to happen to your customer experience
On 25 May 2018, the General Data Protection Regulation (GDPR) will come into force across the EU. It is the biggest change to data protection laws in Europe since the 1995 introduction of the European Union (EU) Data Protection Directive. Since its creation in 1995, the amount of digital information…
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26 MarchEconomy
No-deal Brexit ‘could add £7.8bn’ to retail costs
New research launched from Retail Economics and Squire Patton Boggs shows that £7.8bn could be added to the cost of retail goods if the UK fails to agree a favourable trade deal with the EU before departure. The research features in the first edition of the UK Retail Brexit and…
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14 MarchHigh Street
Research shows Brexit doesn’t mean exit for international retailers in London
Research from real estate advisor, Colliers International, reveals that in the face economic uncertainty due to Brexit, Central London still remains a prime destination for international brands. Colliers found over 50% of stores on core shopping streets are international brands and 30 new retailers have arrived in the last year…
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