Klarna Banner
Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Wednesday 20 March 2019


BigCommerce Banner

Retail ‘damaged by Brexit’ claim business leaders

Written by Peter Walker

Brexit is having a damaging impact on the retail sector, according to the views of 71 per cent of UK retailers.

Retail operations platform Brightpearl surveyed 112 executive-level retail decision-makers during January and February and found that 81 per cent were concerned about the impact Brexit will have on business, while 42 per cent have seen a detrimental impact on their own sales since the process to leave the EU began.

Over three quarter (77 per cent) stated their belief that it was wrong for Britain to leave the EU in hindsight and 73 per cent said they would support another referendum.

“Retailers are extremely concerned about Brexit, but there’s much they can do to minimise its impact,” commented Brightpearl’s chief executive Derek O’Carroll.

The research also revealed a negative impact on consumer spending, with nearly three quarters (74 per cent) of respondents claiming that Brexit uncertainty means shoppers’ are spending less on the high street and online.

"Brexit is affecting consumer confidence in almost all sectors,” said Gareth Austin-Jones, director at designer footwear brand Cocorose London. “Another fundamental issue for us, and many retailers, is the increased cost of importing finished goods, parts or materials as a result of Brexit.”

Relex Solutions

Related Articles


Why the High Street needs a digital upgrade
Fluent Commerce’s EMEA managing director Rob Shaw sat down with Retail Systems editor Peter Walker to discuss omnichannel opportunities, the best way to tackle technology and how the company is expanding into the UK and Europe.

Retail Payments
Verifone’s Nathan Gill talks to Michelle Stevens about evolving consumer payment behaviours and the importance of the point of sale experience
Most read stories...
World Markets (15 minute+ time delay)