Retail in the UK: No room for complacency

​In the context of Brexit, the macroeconomic outlook for 2017 and 2018 is uncertain as consumer spending is expected to slow down, weighing on retail sales. 

Intense competition, namely from online activities, is putting businesses at stress: EBIT was down -1.4pp to 5.6% and net gearing picked up in 2016 to 66%, from 55% the year before.


Although it is not all bright major grocers and apparel e-players should remain on track in 2017, while department stores and high-street apparel retailers would keep suffering from consumption downturn.