Come On Retail, Retaliate!
Is it all gloom and doom in the retail sector? Sir Charlie Mayfield, chairman of the British Retail Consortium, warned last week that the retail sector is facing the loss of up to 900,000 jobs and thousands of shop closures in the coming decade. This in part due to the new apprenticeship levy and the rise in the National Living Wage. Over in Europe things aren’t much different, with Swiss retailers in particular feeling the pinch due to the strong franc and the ease of buying the same product in the Eurozone at much lower prices.