Tag : Brexit
Industry calls for clarity on Brexit deal Subscription
The retail industry has expressed concern that the proposed Brexit deal may not pass through parliament, extending uncertainty for business.
The high street is changing at a faster pace than ever before, and some town centres are becoming virtually unrecognisable as big-name retailers scale back their store portfolios.
Growth in British manufacturing will be driven by innovation and authenticity after the UK leaves the European Union, industry leaders at this year’s Make It British Forum were told last week.
Christmas crush at ports threatens deliveriesSubscription
Fashion brands are at risk of delays to deliveries of stock in the run-up to Christmas and beyond, as a result of a “perfect storm” of congestion at the UK’s largest container ports, a shortage of haulage drivers and impending Brexit pressures.
Business leaders call for second referendumSubscription
Over 70 business leaders have signed a letter calling for a second vote on Brexit.
Brexit uncertainties and inflation are to blame for a forecast slowdown in the UK economy, which is reportedly on track for its worst year of growth since 2009.
Harrods profits jumpSubscription
Profits and sales at luxury department store Harrods have jumped for the year to 3 February 2018, driven by growth in menswear, beauty and jewellery.
Faced with the possibility of a no-deal departure from the European Union in six months’ time, British fashion businesses are scrambling to put contingency plans in place.
The bellwether of the UK high street, Next, this week revealed a better-than-expected performance for its first half, despite what it described as a “volatile” trading environment.
Next chief executive Lord Wolfson has said the biggest risk to the retailer in the event of a no-deal Brexit is that ports will seize up and restrict the flow of goods coming into the UK.