The Impact of Brexit on Retail Industry

The impact of Brexit on Retail
Industry

Table of Contents
INTRODUCTION...........................................................................................................................3
Background of the study..............................................................................................................3
Aim of the research......................................................................................................................3
Objective of research...................................................................................................................3
Research questions.......................................................................................................................3
Gantt chart...................................................................................................................................3
Methodology................................................................................................................................4
MAIN BODY..................................................................................................................................5
To understand negative impact of on retail industry of UK due to Brexit.................................5
To examine the positive impact of Brexit on retail sector of UK................................................6
Data interpretation.......................................................................................................................6
Recommendation.........................................................................................................................7
Conclusion.......................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The occurrence of brexit was occurred on 23rd June 2016 in which UK electorate voted for
leaving EU. Brexit has affected different living beings of UK. The business environment of this
country has also affected by the occurrence of brexit. The retail industry of UK has to face
several consequences after the case of brexit. The reason behind this is that the import and export
of services and products from various EU countries was changed. There was also change in
employment of EU citizens. The retailers of Britain have suffered consequence of declined sales
after leaving the European union. The momentum of UK economy is fading because of the brexit
and the British retail consortium stated that there is huge decline in sales and growth of retail
companies. There are various retailers which have trouble their business due to difficulty in
trading conditions (James, and Quaglia, 2019). Big companies like marks and Spencer as well as
Debenhams have to announce job cuts and store closures after brexit. Economic growth of UK
has been affected a lot.
Background of the study
The retail sector is facing problem in operations after the Brexit scenario. This research will help
in analysing the impact of Brexit on the retail companies. It will be seen that how the sales and
growth of retail organisations is affected by Brexit (Tetlow, and Stojanovic, 2018). There is
huge problem faced while operating and trading the products in and from the countries
associated with EU.
Aim of the research
To analyse the impact of Brexit on UK retail industry
Objective of research
 To understand negative impact of on retail industry of UK due to Brexit
 To examine the positive impact of Brexit on retail sector of UK
Research questions
 What is the negative impact of on retail industry of UK due to Brexit?
 What is the positive impact of Brexit on retail sector of UK ?