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Pricing and promotion optimisation in an inflationary driven downturn could be the only lever of growth for the sector in the foreseeable future
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The UK retail industry will likely struggle to grow in 2019, regardless of the unknowns of Brexit, according to the latest forecast from the KPMG/Ipsos Retail Think Tank (RTT).
With the health of the retail sector steadily decreasing over the last two years, and the uncertainty of a Brexit (no-)deal just around the corner, the RTT discussed just how crucial this coming period was for retailers.
A mere glance at news headlines will paint a rather gloomy and oppressive picture of the health of the UK retail sector currently. But just how bad is 2018 likely to get, and is there light at the end of the tunnel?
These were the principal questions the KPMG/Ipsos Retail Think Tank (RTT) set to tackle when they met in mid-April 2018.
The UK’s retail industry will flatline at best in 2018, according to the latest predictions from the KPMG/Ipsos Retail Think Tank (RTT).
• Very limited retail growth in 2017, as any growth in non-discretionary retail will be clawed back by a decline in discretionary spend • On… Read More »Retail growth will stagnate overall in 2017, warns KPMG/Ipsos Retail Think Tank
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