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- 2021 -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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18 AugustSport & Leisure
Angling Direct sees 19.5% H1 revenue rise
Angling Direct, the fishing tackle and equipment retailer, saw revenues rise 19.5% year-on-year to £38.4m in H1 FY22. The figure for the six months ended 31 July 2021 represents a 44.8% spike when compared to H1 FY20’s £26.5m revenues. Physical retail sales comprised 51.8% of total group sales during the…
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4 AugustComment
Why the coming economic boom will be bigger than we think
The world has been turned upside down in the past 18 months, making predictions a tougher game than ever. Economists are used to using metrics like inflation, consumer spending or job markets to predict what would happen. In this new world of Covid, furlough and post-Brexit trade, traditional measures are…
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Jul- 2021 -28 JulyHigh Street
Shop prices decline will ‘not last forever’, BRC warns
Shop prices have continued to decline in July, but the lowering of prices may “not last forever” in the wake of Brexit, according to the latest BRC-Nielsen Shop Price Index. Shop price deflation accelerated to 1.2% year-on-year over the month, compared to June’s decrease of 0.7%. According to the BRC,…
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20 JulySupply Chain
Bestway FY20 profits soar 82% to £38m
Bestway Wholesale Group has reported a year-on-year rise in EBITDA of 81.8% in FY20, up from £20.8m to £37.9m. Revenues at the owner of Bestway Wholesale, Bestway Retail, Bestway Northern, Bestway Property, and MAP, also increased, but at a slower rate of 1.4% year-on-year to £2.55bn. The year to June…
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6 JulyFeatures
Could the UK-Australia trade deal be better than advertised?
Marmite for Vegemite, Penguins for TimTams. These are just two of the swaps that Boris Johnson alluded to as he addressed the nation regarding the completion of an “historic” trade deal between the UK and Australia. While these may not seem like major products to drive economic recovery, and Australia…
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Jun- 2021 -22 JuneAdvice
EU VAT changes – Is your eCommerce business ready?
Doing business with Europe has become so expensive and onerous since Brexit that a vast number of UK eCommerce businesses have simply turned off all EU activities. Managing the different VAT thresholds and rates across each EU country has certainly added to the admin burden and cost of doing business…
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11 JuneEntertainment
Hornby sales soar as lockdown drives hobbies
Hornby has announced that revenue soared by 28% to £48.5m in the year ended 31 March 2021, up from £38.7m the year before, as lockdown saw that the “old adage that people turn to hobbies in times of recession proved correct”. The group returned to profit for the first time…
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3 JuneEconomy
BRC warns of future price rises despite 0.6% fall in May
Shop prices fell 0.6% year-on-year in May, the slowest rate of decline since February 2020 as the British Retail Consortium (BRC) warns of price rises on the horizon. The decline represents a smaller fall than April’s 1.3% year-on-year drop, and sits below the 12 and six-month average price decreases of…
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1 JuneSupply Chain
Kraft Heinz to invest £140m in Kitt Green
The Kraft Heinz Company has revealed plans to invest £140m in Kitt Green, the Wigan food manufacturing facility. Some 50 full-time jobs are set to be created by the proposed investment, which is subject to final US regulatory approvals later this year. The US-based food company claimed that the funding…
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