Retail news round-up: Coach debuts in Birmingham and BRC warns of price rises.
Coach set to launch in Birmingham
Coach, US accessories and lifestyle label, is set to debut in Birmingham by signing on a store in the Bullring shopping centre, Drapers reported.
The 3,010 sq ft store will be located on the upper east level of the centre, and stock the full range of bags, footwear, outerwear and accessories.
The opening date for the store has not been disclosed.
The company’s UK commercial director Iain Mitchell said: “This latest signing reflects the strength of Bullring’s leading retail mix, attracting high-end, aspirational brands to Birmingham.”
BRC warns of price rises amid tariffs imposes
British Retail Consortium (BRC) has warned that shoppers could face higher prices if EU imposes tariffs following Brexit, BBC reported.
BRC said that the first priority for retailers in the Brexit talks should be no new tariffs on EU goods.
A BRC spokesperson said "There is a limit to the amount of increased cost retailers can absorb".
Retail shops are already dealing with higher import costs owing to weaker pound, business rates and the National Living Wage, with migration as an issue too.
BRC also said that retailers employ about 120,000 EU nationals.
They want those workers - from shelf stackers to executives - given a "fair deal".
No comments yet