Retail Sector in UK: Overview, Economic Contribution, and Changing Nature of Retailing

Retail Sector in UK
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Table of Contents
INTRODUCTION...........................................................................................................................3
Retail Sector in UK, 2018................................................................................................................3
Economic Contribution..........................................................................................................4
Economic output.....................................................................................................................4
Employment...........................................................................................................................4
Retail Sales.............................................................................................................................4
High Street and Town centres in 2030.............................................................................................4
High Death Street:............................................................................................................................5
The changing nature of retailing in the UK............................................................................5
Is Intercultural competency important to international business?..........................................5
CONCLUSION’..............................................................................................................................8
REFERENCES................................................................................................................................8
Online...............................................................................................................................................9
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INTRODUCTION
Retail Sector in UK, 2018
The retail sector is going through a prolonged period of upheaval. Factors such as changing
consumer behaviour, increased internet shopping and challenging economic conditions are
changing the way retailers operate and engage with their customers. (Bromley and Thomas
(1993)) .The most of the economy is depend in retail business as many multinational retail
industry.
Retail industry constantly account around 5% of Gross Value added within United
Kingdom Economy. 14% of all United Kingdom made a large non financial sector firm in which
it creates better firm made by large retailer.
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