Will Brexit make a difference for Retail and F&B staff?
FSP’s expert on the food service sector, Harri Jaaskelainen explores the problems which may arise after Brexit if potential changes to immigration affect the pool of employees.
With his F&B knowledge and his own immigrant background, Harri suggests the UK can become the standard-bearer for service industries on the global stage.
This month, as usual, the big national chains attract the most press. The most talked about retailers, according to the Retail Burn, include: H&M, Five Guys, Morrisons, Argos, Card Factory, Union Jacks, Agent Provocateur, Blue Inc., Jones Bootmaker and Brantano.
The retailer with the highest number of positive news articles in March was H&M, having revealed rising sales and the launch of a new brand in the UK this year.
At the other end of the scale is Brantano, having fallen into administration for the second time in 14 months.
Using FSP accounts analysis, Holland & Barrett is in the Hot 100 for consistently achieving a ROTA of 50% or more;
The Hot 100 in March 2017 included;
- Opening in Matlock, McDonald's
- Significantly upsizing at Telford Shopping Centre, Next
- Opening in Southampton and Birmingham, Russell and Bromley
- Becoming the anchor tenant at Hammersmith's King's Mall, New Look
- Launching its next expansion phase in the UK and Asia, Holland & Barrett
- Looking to expand its concession partnership with WH Smith, Game
- Launching its first fully sustainable restaurant in the UK, Nando's
- Opening on Worcester High Street, Pandora Jewellery
These sustainable businesses have substantial sales, a healthy profit and have maintained good financial health.
Retail News Index
The FSP Retail News Index is a 3 month moving average measure of sentiment in reported retail news stories.
- The March RNI index for All Retailers, at 101, has decreased by 2.
- Leisure, at 113, has remained steady.
- Clothing & Footwear, at 88, has decreased by 5.
- Household, at 108, has remained steady.
- Personal, at 100, has increased by 4.
- Grocery, at 102, has increased by 4.
- Food & Beverage, at 109, has decreased by 5.
For the full report, click here.
FSP on average reviews over 350 unique items of retailer news. Each article is scored according to sentiment. RNI is the sum of these scores indexed against 2005 and averaged over a three month period. The RNI time series for all retailers starts from May 2002.
Retailer Births & Deaths
There were 3 administrations in March: Jones Bootmaker, Agent Provocateur, and Brantano. Jones Bootmaker and Agent Provocateur were subsequently rescued.
There were 3 new additions to the FSP Retailer Database in March, with 1 new retailer proposing to enter the UK market: Canadian fast casual restaurant operator Freshii.