Brexit and the Impact on Retail - Thematic Research Report - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 11, 2019--The “Brexit and the Impact on Retail - Thematic Research” report has been added to ResearchAndMarkets.com’s offering.
“Brexit and the Impact on Retail - Thematic Research” provides a comprehensive overview of the UK’s proposed departure from the European Union and the subsequent impact on retail. It covers macroeconomic and retail market modelling using different scenarios of the Brexit negotiations; analysis of how immigration, the Irish border and changes to tariffs will effect retail markets; and sector analysis of the individual retail markets.
As the UK approaches the 29th March 2019, companies are yet to fully comprehend the impact Brexit will have on retail. As political negotiations and parliamentary votes are yet to settle the final rules and implications of the UK’s departure, unknown territory must be navigated in planning for the Brexit transition process.
Brexit outcomes that create trade divisions between the UK and the EU will see a potentially steep increase in food prices. Higher import costs (through tariffs and the falling pound) that retailers will in part pass to consumers as well lack of availability (due to border delays) will result in higher demand and limited supply. This would see prices on basic foodstuffs rise by as much as 10% in a worst-case scenario.
Non-food retail growth is expected to slow significantly in the event of no deal, with the forecast rise in inflation failing to offset a drag on consumer confidence and a sharp decline in volume growth. As a higher proportion of disposable spend would be dedicated to food in the face of high grocery inflation, shoppers will cut back on discretionary spend of non-food categories. Clothing & footwear, homewares and furniture & floorcoverings are expected to be most adversely affected by a reduced spending.
Consumer sentiment has been shown to react immediately to political upheaval with uncertainty being a key factor. The case of a no-deal Brexit or delayed withdrawal will almost certainly have an effect on lowered consumer confidence. However, it is expected that a small proportion of consumers who remain positive regarding the future of Brexit and have the means to do so, will continue to spend. If the Withdrawal Agreement is passed, we would see a minimised effect of lowered confidence on retail spend.
Key Topics Covered:
Withdrawal Agreement/form of relationship with EU/Soft Brexit
Delayed or no exit/Second referendum
The impact on retail
THE HOT TOPICS
Ports & borders
The Irish border
THE COST OF TRADE
Imports, exports and tariffs
RETAIL SECTOR ANALYSIS
Food & grocery
Clothing & footwear
Health & beauty
DIY & gardening
Furniture & floorcoverings
The impact of Brexit on consumer sentiment
Companies MentionedAmazon ASOS B&M B&Q Boots Carpetright Dixons Carphone Dunelm IKEA John Lewis & Partners Morrisons Next Poundland Primark Sainsbury’s Screwfix ScS Shop Direct Tesco
For more information about this report visit https://www.researchandmarkets.com/research/tlj7xk/brexit_and_the?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190111005143/en/
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Related Topics:International Trade
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE SUPERMARKET OTHER RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/11/2019 06:36 AM/DISC: 01/11/2019 06:36 AM