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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Feb- 2021 -11 FebruaryClothing & Shoes
Ted Baker Q4 sales fall 47% amid low occasionwear demand
Clothing retailer Ted Baker reported that Q4 group revenues fell by 47% during the 13-week period ending 30 January 2021. It comes as the retailer said it has seen a “material negative impact” from the Covid pandemic including the closure of its entire UK store portfolio for the majority of…
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10 FebruaryClothing & Shoes
JD Sports eyes EU warehouse amid ‘worse than feared’ Brexit impact
Peter Cowgill, the chairman of JD Sports has revealed the company is considering opening a new distribution centre in the EU to overcome some of the challenges caused by the UK leaving the EU. Speaking to the BBC, Cowgill said the current impact of Brexit for retailers has been “considerably…
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8 FebruaryClothing & Shoes
Kurt Geiger reports pre-pandemic growth
Luxury footwear and accessories retailer Kurt Geiger has reported pre-pandemic growth to both its revenues and profits. Accounts filed at Companies House revealed that the group’s turnover rose to £347m for the year ended 1 February 2020, a year-on-year increase of 3.7%. Operating profit for the period also grew from…
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1 FebruaryCoronavirus
New lockdowns edge consumer confidence to near-record low
The final quarter of 2020 saw consumer confidence fall by 1%, to a near-record low -17%, according to the latest Deloitte Consumer Tracker. It found with the exception of personal finances, all other measures of confidence were below year-on-year comparisons, with ‘health and wellbeing’, and ‘children’s education and welfare’ categories…
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Jan- 2021 -28 JanuaryAnalysis
Supermarkets, the unsung heroes
Of all the many seismic changes that 2020 has precipitated, one that may have gone under the radar of most people is the impact of the pandemic on perceptions of the UK supermarket sector. Long lambasted for alleged price fixing tactics, squeezing suppliers and environmental concerns, the sector appeared locked…
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20 JanuaryAdvice
Building an online business by selling into overseas territories
Worldwide, eCommerce sales are growing year on year, and consumers switching to online shopping during Covid-19 has accelerated this growth. If you want to expand your reach, boost your sales and stay ahead of the competition, now’s the time to think about expanding into international markets. After all, the UK…
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15 JanuaryEconomy
UK GDP shrinks by 2.6%
GDP declined by 2.6% in November 2020 as government restrictions reduced economic activity, the latest ONS figures reveal. Figures released by the statistics office show that November GDP was 8.5% below its pre-pandemic levels. The decline follows a period of economic growth for the UK, with last October’s report revealing…
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13 JanuaryOnline & Digital
Asos sees UK sales soar by 36%
Asos has revealed that revenue growth for the four months ending in 2020 has ”surpassed expectations”, with the store now expecting profits to be at the top of its forecasts for the financial year to August. In a post-Christmas trading update, the online fashion retailer reported that group sales were…
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13 JanuaryAdvice
How retailers can manage returns to Europe post-Brexit
After a tense end to the transition period, the UK finally secured a post-Brexit deal on trade with the EU. Yet, retailers which import goods from Europe are already struggling with the bottleneck at our ports caused by the impact of COVID-19 limiting resource availability. The addition of Brexit is…
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Dec- 2020 -23 DecemberNews
Tesco limits sale of essential items
Tesco has limited the number of sales customers can make on essential goods such as toilet roll, flour, dried pasta, baby wipes and anti-bacterial wipes, with customers now only able to purchase three of each item. It is thought that the big four supermarket made the decision as part of…
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