Impact of Brexit on UK Retail Sector
Added on 2020-07-22
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EMERGING THEMES
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11) Key emerging themes within current impact that are having on retail sector...................12) Impact of retail sector over next five years and outline implications might be fordeveloping of business strategy..............................................................................................2CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................3
INTRODUCTIONThe emerging themes objectives is to promote the discussion and also a debate on thetheoretical as well as practical aspects related to the epidemiology. Under this there is adiscussion about the impact of Brexit on the retail sector. Under this essay going to discuss aboutthe some key emerging themes regrading the existing affect on the retail sector business. There isalso a discussion regarding the themes and its impact on retail sector in next five years and itsimplications at the time of formulating the business related strategies. TASK 11) Key emerging themes within current impact that are having on retail sectorThe retail sector is the main sector which is dealing in the exporting as well as importingof goods and services outside the boundaries of country. From the Brexit, there was a greatimpact on the business of retail sector. When the Brexit and European Union both were departfrom each other, then the impact was bad on the every business sector. Its impact was on thesmall business most. From this the demand of products or goods decreased and the supplyreduced. From the separation of Brexit and European Union, the export of goods was reducedand its impact was bad and negative on the economy of United kingdom. Many of the largenumber people gave their vote to the Brexit due to the fourth industrial revolution. The EuropeanUnion is a political as well as economic partnership which involves total 28 countries. At thetime when United Kingdom country leave European Union then at that time the retail industry ofUnited Kingdom impacted (Jensen and Snaith, 2016). From this the supply of retail sector is stopfor exporting. From this the turnover of this company was reduced. It impacted on theproductivity and sales of business. The retail sector of United Kingdom will be specificallyindicator of impact of decision of the Brexit. From this the impact on the customer spending,savings, disposable impact and the confidence on the retail industry impacts. In the retail sector,retailers of United Kingdom will be regarded in early stage regarding the impacts of financialmarket. In short period of time the ability of retail sector business to import the products fromEuropean Union will also be affected through the weaker currency. From this the all retailers aredemotivated. In the mid-term impact of sourcing of products is the highest factor of intellectionfor the retailers of British. From this the cost of fresh manufactured will increased as much thesource from European Union. In the case of real sector companies, around 50% of cheese and1
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