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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Nov- 2021 -10 NovemberSupermarkets
M&S returns to profitability in H1
M&S has announced it has returned to profitability for the first half of the year ending 2 October 2021. During the period, the group saw pre-tax profits rise to £187.3m compared with losses of £87.6m the previous year. Statutory revenues also increased to £5.1bn from £4.09bn in 2020 and were…
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Oct- 2021 -25 OctoberSupply Chain
UK logistics space falls to ‘record low’, report finds
Logistics and industrial space across the UK has fallen to a “record low”, with demand rising amid the 16.1 sq ft already taken in Q3, according to new data from Cushman and Wakefield. It found that 48.9m sq ft was taken so far this year, with 2021 on track to…
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13 OctoberNews
Gear4music sales hit by post-Brexit challenges
Gear4music has revealed its total sales fell 8% year-on-year to £64.7mn in the six months to 30 September due to EU sales falling 16% after “post-brexit challenges”. According to Gear4music, UK sales remain “robust” at £36.7mn, the same as the year previous. Meanwhile, the brand revealed gross profit fell down…
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Sep- 2021 -17 SeptemberSupermarkets
Marks and Spencer to close 11 French stores
Marks and Spencer (M&S) has announced the closure of all 11 franchise stores with partner SFH in France over the coming months, which it has attributed to the impact of Brexit on its supply of fresh and chilled food. However, M&S added that the nine franchise stores with partner Lagardere…
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8 SeptemberEconomy
UK shoppers buying internationally drops 14%
The proportion of UK shoppers buying internationally reportedly dropped 14% to just over one in 10 (31%) in 2021. According to research conducted by Sendcloud, a shipping platform for e-commerce businesses, 56% of EU consumers claimed to shop internationally, a fall of just 5% from 2020. The group’s annual e-commerce…
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3 SeptemberSupply Chain
Ikea faces disruption to 1,000 UK product lines
Ikea is reportedly facing issues with supplying roughly 1,000 product lines to UK customers as a result of Brexit and the lorry driver shortage. According to The Independent, all 22 of the multinational retailer’s UK sites are experiencing disruptions, with some outlets reportedly running out of mattresses and other items.…
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3 SeptemberSupply Chain
Gov needs to tackle ‘short and systemic’ supply problems, commission warns
The government has been urged to “get a handle” on the “immediate and systemic” problems currently causing the supply chain crisis affecting the country, by a cross-party commission. The UK Trade and Business Commission, which was setup to scrutinise the government’s post-Brexit trade deals, yesterday (2 September) hosted a hearing…
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Aug- 2021 -26 AugustSupply Chain
Supermarket leaders warn of Christmas supply shortages
Supermarket leaders from across the UK have warned of supply chain issues over the Christmas period due to the ongoing shortage of HGV drivers. Richard Walker, executive chairman at Iceland, told the BBC that he estimated the UK’s shortage of lorry drivers to now be 100,000, with the group 100…
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23 AugustEconomy
UK rejects industry demand for EU truck driver visa
The government has reportedly rejected calls to install temporary visas which would allow HGV drivers from the EU to help alleviate the current shortfall of drivers in the UK. According to the Financial Times, ministers rejected the idea put forward by two industry bodies but have backed calls to increase…
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20 AugustSupermarkets
M&S ups full-year guidance as revenues rise 10%
Marks and Spencer has seen an upturn in its profit outlook during the 19 weeks up to 14 August, and now predicts an adjusted profit before tax for the year to be above the upper end of previous guidance of £300-350m. The retailer said it comes as food revenues increased…
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