Tag : Brexit
'Worst year on record' for retail Subscription
The prospect of a no-deal Brexit, company voluntary arrangements, shop closures and job losses resulted in the “the worst year on record” for retail in 2019.
Consumer confidence edges upSubscription
Consumer confidence crept up in December as some of the concerns about the country’s economic situation eased. However, the overall confidence score remains firmly negative.
The industry has welcomed the “certainty” of a majority Conservative government.
Conservatives win landslide electionSubscription
Boris Johnson won last night’s election with 43.6% of UK votes.
Quiz chief blames Brexit for revenue drop Subscription
Quiz CEO Tarak Ramzan and CFO Gerry Sweeney have blamed macro-economic factors for the retailer’s drop in revenues, but remain optimistic that it will be profitable again within the next two years.
Fears for SME retailers as banks cut lendingSubscription
Bank lending to small and medium-sized retailers has fallen by 6% since the 2016 Brexit vote, while large retailers have benefitted from a 20% increase in lending.
Conservatives pledge business rates reliefSubscription
The Conservative party has promised to reduce the “overall burden” of business rates at its first budget review, if they win the upcoming election next month.
Brexit biggest challenge for fashion SMEs Subscription
Nearly half (45%) of small and medium-sized fashion enterprises (SMEs) feel unprepared for Brexit, and have cited it is as one of their biggest challenges for the year ahead.
Retailers are holding off recruiting new talent as a result of Christmas trade fears and Brexit uncertainty, headhunters have told Drapers.
Fashion industry sources hope a snap general election would create “some certainty for UK businesses”, as ongoing political manoeuvring delays Brexit and continues to distract from wider market concerns.