Paul Martin is UK head of retail at KPMG
We all know the run-up to Christmas marks a busy time for many retailers, and arguably Black Friday has extended the Christmas trading period and added to that burden – especially when it comes to managing margins.
As was widely expected, the Bank of England’s Monetary Policy Committee finally decided to raise the interest rate by 0.25 basis points to 0.75% – the highest it’s been since 2009.
Given that large parts of the British retail industry are increasingly scrabbling to maintain footfall and sales growth, encouraging customer loyalty has never been so crucial.
Times they are a changin’, so Bob Dylan professed. And never has that been more the case than in UK’s retail industry currently.
As N Brown chairman Andy Higginson prepares to stand down to pursue private equity opportunities, which are the retailers that pique investor interest?
One month ago Aldi Nord in Germany launched two smartphone models – the difference to the UK launch is that these were branded models rather than own-brand.