This week's top stories in the Consumer and Retail sector:
TW Viewpoint
The story of colour-changing gin below provides light relief from an otherwise bleak set of stories reporting tales of retailer administration, Brexit shrinkflation and UK HQs relocation. These stories in aggregate summarise just some of the challenges for UK retail – in managing Brexit-related friction on business and consumer confidence and spending power, to battling the ever-growing move to e-commerce, and maintaining relevance on the high street amid increasing costs and the uncertainty of the availability of future quality workforce. As this article shows, tech may just be the silver lining to the clouds of challenge – for those brave enough to embrace and invest in it (paywall applies).
Can tech save bricks and mortar retail? |
Value in retail property set to fall by 15.9% this year
The Old Curiosity to launch colour-changing gin for Valentine’s Day
'Flawed' retail data hits assessment of UK economic strength
Patisserie Valerie enters administration
Sony and Dyson are the latest to relocate HQs outside the UK
Over 23,000 high street stores are predicted to close and 175,000 high st retail jobs lost in 2019
Brexit leads to 'shrinkflation' in over 200 products
Sir Phillip Green calls in Deloitte to review his Arcadia Group
Mike Ashley in talks with HMV
Veganuary – the future of British butchers under threat?