Article 455X1 'Peak stuff', interest rates and a dollop of Brexit have retailers worried

'Peak stuff', interest rates and a dollop of Brexit have retailers worried

by
Larry Elliott Economics editor
from Economics | The Guardian on (#455X1)

The UK high street is suffering and now even online outlets are feeling the pinch

Take a high street in the throes of structural upheaval. Add a large dollop of Brexit uncertainty, a pinch of unusually warm weather and what do you get? The sort of dish that will turn the stomach of even the toughest retailer.

This is the crunch time for shops and online shopping outlets. Christmas is when consumers tend to spend more freely and many retailers make their profits. Last year, November and December accounted for more than 21% of all goods sold.

Related: Asos issues shock profit warning after November downturn

4 December

Related: Laura Ashley to close 40 stores, putting hundreds of jobs at risk

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