Brexit and its aftermath are very much top of mind for UK companies this year. Retail is feeling the uncertainty as consumers remain circumspect about their discretionary spending and retailers face increasingly tighter margins.
“The British high street has come under threat in recent years from digital competition,” said Bill Fisher, senior analyst at eMarketer and author of our recent report: “UK Ecommerce 2019: Click and Bricks Are Important for Retailers Grappling with Brexit Effects.” “Allied with an often unhelpful real estate landscape and governmental hurdles yielding high rentals and business rates, the position for many physical retailers is proving untenable.”
Source: https://www.emarketer.com/content/brexit-hits-the-high-street-but-ecommerce-proves-resilient