Tuesday January 28, 2020

What’s in store for retail in 2020?

With technology raising new challenges for bricks-and-mortar businesses, Brexit just around the corner, and an increased focus on sustainable shopping, it looks like a testing year ahead

5th January, 2020
5
Shoppers on Grafton Street in Dublin in the run-up to Christmas: traditional retailers are innovating to attract customers back into storesFergal Phillips

It was a nightmare before Christmas for retail in Britain, with national statistics there showing a sharp drop in sales growth to just 1 per cent in the lead-up to Christmas.

The Financial Times reported steep discounting in the US straight after Black Friday, claiming it was of a rate not seen since 2008.

Fashion label Ted Baker issued a profit warning in mid-December. Earlier in the year, popular high street labels Coast and Karen Millen went...

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