What's ahead for the retail sector in the UK?
2016 has been a tough year for U.K.’s retailers. Although much of the conversation has been focused on Brexit and its impact, retailers are facing other outside pressures. As consumers are shopping more than ever on their mobile devices and favoring experiences such as travel and dining over material goods, retailers are increasingly competing for the consumer pound. Simultaneously, the increase of living wage standards are adding to retailers’ margin pressures.
Our industry insiders, Rupert Eastell, head of RSM UK’s retail practice, and Joe Brusuelas, chief economist at RSM US LLP, provide keen insights for retailers to consider in 2017.
Impact of exchange rates
How has the decline of the pound against the U.S. dollar affected the retail market in the U.K.? A look at recent pricing changes provides insight.
Impact of Brexit
How do retailers in the U.K. adapt to the challenges brought by Brexit? The supply chain is essential.