Related insights: Retail

Thumbnail

Leases, retailers and COVID-19

13 Mar 2020
On 11 March 2020 the chief of The World Health Organisation (WHO) labelled the outbreak of COVID-19 a pandemic. The WHO has called for "urgent and aggressive action" and emphasised the need to "strike a fine balance between protecting health and minimising disruption".
Thumbnail

Report reveals tipping point for online retail - to reach 53% by 2028

08 Jul 2019
Online shopping will account for more than 50% of retail sales (up from 19% currently) in the next ten years according to a new report, The Digital Tipping Point. Commissioned by law firm Womble Bond Dickinson (WBD) the report reveals that this growth will be powered by three primary factors: the changing demographic of the UK adult population, the development of faster, cheaper, in-home deliveries and fewer physical stores. However there are also potential risks ahead for retailers that don't prioritise data security when embracing the new technologies needed to thrive in a digital future.
Thumbnail

Sector views shows FCA focus for business plan

01 Mar 2019
FCA has published its "Sector Views", highlighting the information it uses to assess how specific financial sectors and the financial system as a whole are working. It uses the analysis from its sector views when settling its Business Plan for the coming year. This year, it has decided to share the views in advance of publishing the Business Plan.
Thumbnail

Retailers win battle over ATM business rates

30 Nov 2018
The Court of Appeal has ruled that ATMs in supermarkets, shops and petrol stations are not separately rateable - a decision that is reported to see retailers able to claim business rates rebates of an estimated £300m.
Thumbnail

Dealing with redundancies - top 10 tips for retailers

25 Sep 2018
Since the beginning of this year, thousands of jobs in UK retail have been lost or put at risk. A number of household names have gone into administration, with many retailers agreeing CVAs, all of which threaten jobs in the sector. Add into the mix the uncertainty surrounding Brexit - which is affecting consumer confidence and therefore spending - plus the Fourth Industrial Revolution, which could see robots replacing humans in the workplace, together with rises in wages, rates and energy costs, and we have a perfect storm for retail jobs.
Thumbnail

Brexit: IoT to the rescue?

15 Nov 2017
For retailers, speed and efficiency in supply chains are paramount. With the possibility of a "hard" or "no deal" Brexit, retailers must adapt to a new operating environment. The UK government is exploring the potential for highly streamlined technology-based procedures to preserve frictionless borders. The Internet of Things (IoT) could play an important role, but also comes with a range of legal implications.