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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May- 2021 -24 MaySupermarkets
M&S to buy more goods from EU amidst NI border disruption
Marks and Spencer will reportedly buy more food from EU countries as the group looks to “reshape its supply chain” amidst struggles with the Northern Irish border. According to The Telegraph, M&S has plans to also source more goods from the Continent as well as Ireland and Northern Ireland, after…
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20 MaySupermarkets
Sainsbury’s CS&R director Judith Batchelar to step down
Sainsbury’s has announced that Judith Batchelar OBE is to step down from her role as director of corporate responsibility and sustainability (CR&S) and public affairs at the group. Batchelar will remain with the business until November 2021 as an advisory, before departing from Sainsbury’s after 16 years at the firm.…
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19 MayHigh Street
Simba reports ‘record’ start to the year
Simba, the London-based sleep technology business launched in 2016, has reported its highest ever Q1 sales and profits. It revealed Q1 2021 sales jumped by 295% YOY in the UK, as consumers continued to “invest heavily in their sleep”. The sleep technology firm also witnessed a 265% YOY leap in…
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18 MayAdvice
Why retailers must invest beyond the buy button
Over the past 12 months, retailers have turbocharged their shift to digital. A recent survey by KPMG showed that 67% of decision-makers have accelerated their digital strategies because of Covid-19. These changes come in response to the ever-changing needs of consumers, which have proved harder to predict than ever before.…
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Apr- 2021 -20 AprilAdvice
How retailers can ensure frictionless trade despite Brexit paperwork boom
Despite the promises, both anecdotal and data-backed evidence suggests that the UK’s transition out of the European Union has not been as smoothed as hoped. Official government figures state that exports of goods to the EU fell by 40% in January 2021, with imports dropping 29%. The Federation of Small…
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Mar- 2021 -15 MarchAdvice
No smooth sailing: Omnichannel investment is the key to weathering the storm
A series of challenges over the last year have brought with them a wealth of era-defining moments for retail. Within a brief and turbulent window of time, we have seen some of the biggest hallmarks of the changing retail landscape. Most notably, the already wavering high street was hit hard…
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12 MarchEconomy
UK GDP shrinks 2.9% amid January lockdown
Monthly GDP fell by 2.9% in January as a national lockdown proved to impact economic activity, new data from the Office for National Statistics (ONS) reveals. Figures released show that January’s GDP was 9.0% below the levels seen in February 2020, and 4.0% below October 2020 – the “initial recovery…
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3 MarchEconomy
Shop prices continue to fall in February
Shop prices continued to fall in February, down 2.4%, marking the lowest deflation rate since May 2020. According to the latest figures from the BRC-Nielsen Shop price Index, the decline was below the 2.2% experienced in January and is also below the 12- and six-month average price decreases of 1.7%…
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Feb- 2021 -26 FebruaryNews
Pets at Home raises guidance amid strong Q4 trading
Pets at Home has once again raised its profit forecast as the group continues to see strong trading and rising demand in the pet sector. In light of its trading year-to-date, it now anticipates full-year underlying pre-tax profit, including the previously announced repayment of business rates relief of £28.9m, to…
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22 FebruaryOnline & Digital
More than half of retailers are ‘resistant’ to digital progress
More than half of retail industry C-suite executives, directors and senior managers (51%) are “resistant” to digital progress, according to a new survey by Sigma Dynamics. The firm’s ‘Connected Enterprise’ report, commissioned in partnership with applied futurist Tom Cheesewright, revealed that retailers are skeptical about the benefits of implementing new…
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