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The coronavirus pandemic should “concentrate the minds” of European Union negotiators and speed up a deal on Britain’s post-Brexit ties with the bloc, Michael Gove has said.
Fashion and footwear retailers have voiced concerns after the government warned it would pull out of trade talks with the European Union if a “broad outline” of a deal was not reached by June.
The British manufacturing industry has slammed the government’s new immigration system, saying it disregards the sector and will be “disastrous” at a time when retailers are showing an increased interest in UK production.
The government has confirmed that import controls on goods from the European Union will begin after the Brexit “transition period” ends on 31 December 2020.
Ethical kidswear brand Frugi is opening a new warehouse in the Netherlands on 14 February, in preparation for anticipated Brexit regulations.
I listened to the celebratory Brexit fireworks last weekend with a growing sense of unease. It might be the end of three and a half years of political stalemate, but it is also the beginning of a new era of uncertainty.
Industry sources this week told Drapers that prime minister Boris Johnson must make zero-tariff trade the “number one priority” after Brexit.
As the UK leaves the European Union, Drapers examines the potential opportunities for UK manufacturing
Ahead of the UK’s departure from the EU at 11pm this evening, the British Retail Consortium has called for a trade deal that “puts the customer first”.
The British Retail Consortium (BRC) has called for the government to “not delay” publishing the UK’s new immigration system to avoid disruption for businesses and consumers.
UK manufacturers and suppliers have expressed alarm about the uncertainty created by government plans for a new post-Brexit immigration regime and the possibility of a skills shortage.
Trade shows are notoriously cyclical, and last week I attended a much-changed edition of menswear show Jacket Required.
Business groups have joined together to demand a role in shaping the UK’s immigration system post-Brexit.
Drapers looks ahead to the big issues that are likely to affect retailers and brands in 2020 and how to combat them.
The industry has welcomed the “certainty” of a majority Conservative government.
Boris Johnson won last night’s election with 43.6% of UK votes.
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.
Fashion and footwear business leaders have voiced growing concerns about the impact the general election and uncertainty over the next steps for Brexit will have on consumer confidence in the run-up to Christmas.
The industry is calling for government support as scores of retailers across the UK cut head office roles in a bid to reduce costs and combat tough trading conditions.
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.
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.
The optimism of UK businesses reached its lowest level since 2012 last month, falling by 0.67 points to 95.59.
Despite a 3.7% uplift in total like-for-like sales in October, retailers face additional obstacles this Christmas, including on-going political and economic sagas.
More than 1,200 retail businesses entered insolvency in the last year – the highest number in five years.
Consumer confidence fell again in October as “the big black Brexit cloud refuses to shift”.
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.
In October, retailers’ stock levels compared with expected sales were at their highest point since 1983, as businesses continue to prepare for Brexit and the Christmas trading period, the Confederation of British Industry’s (CBI) latest Distributive Trends Survey shows.
The second Brexit deadline has come and gone and there are no concrete plans for the next stage of the process. How is the UK fashion retail industry coping with the effect of prolonged uncertainty on business?
Prime minister Boris Johnson said he will give MPs more time to debate his Brexit deal if they agree to a 12 December general election.
Much like the weather, Brexit has become a somewhat convenient excuse for struggling retailers to explain away weak sales. But in the case of Bonmarché, it was the final nail in the coffin.
Retail leaders have called for a quick resolution to Brexit, as continued uncertainty is “extending the agony” ahead of the crucial peak trading period.
Business leaders have called on the government to offer an “iron-clad guarantee” that the UK will not leave the European Union without a deal, following a weekend of further delays to the Brexit process.
Retail heavyweight and former Remain campaigner Lord Rose has urged MPs to vote in favour of the Brexit deal struck by prime minister Boris Johnson and the European Union yesterday.
The National Audit Office (NAO) has today warned that a large number of traders and businesses will not be ready for new customs and regulatory controls enforced under a no-deal Brexit.
As the Brexit deadline looms, retailers and suppliers have expressed concern about distribution disruption ahead of peak trading, as a result of customs checks and new tariffs if a deal with the European Union cannot be struck.
A hard Brexit could be “catastrophic” for the fashion industry, writes Cécile Reinaud, founder and president of maternitywear brand Seraphine.
As Brexit leaves a question mark over European funding for universities and young fashion businesses, Drapers asks how the landscape is changing and what the shift means for upcoming talent in the industry.
UK retail sales growth has experienced an all-time low for September, as ongoing Brexit uncertainty has a “material impact on the consumer psyche”, new research has shown.
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