‘The retail sector isn’t doomed, but 2023 will be a tough year’

Container ship on the sea

While UK retail is facing historic pressures, the current environment is also throwing up opportunities for business. David Maddison from HSBC gives a banker’s view on the health of the sector

It’s easy to be a pessimist in today’s environment. Headwinds are aplenty and negative headlines are everywhere.

We at HSBC are a large lender to the sector. As a result, I like to think we have a unique and unparalleled view of what’s actually going on, which gives us the ability to dissect the fact from the occasionally embellished headline.

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