There is no doubt that this year has been a disruptive year for retail, but the amount of change is on a similar scale to past periods of disruption. Retailers need to adapt to avoid becoming redundant
At the end of a turbulent 2016 it is satisfying to say that UK retail had a merry Christmas. However, in light of a weakening pound and unpredictable consumer confidence, leaders warn that the new year will bring challenges.
The golden quarter proved to be strong for our grocers. High margin clothing aided growth, own brand products made it onto many Christmas dinner plates and the nation’s penchant for prosecco continued.
Morrisons and Waitrose in particular had bumper Christmases, recording 2.9% and 2.8% growth in like-for-like sales respectively. This was Morrisons’ best...