Are retailers going expansion crazy despite Brexit?

SAHAR NAZIR | February 9, 2019

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Since the referendum almost three years ago, the value of the sterling has declined to its lowest since 1987, dwindling consumer spending and confidence has had a knock-on effect on footfall and sales figures across the retail industry. More recently, retailers such as Tesco, Marks & Spencer, Pets at Home and The Entertainer have started stockpiling products, while the Institute of Directors (IoD) reported that 29 per cent of British businesses have either already moved part of their operations outside of the UK or are drawing up plans to do so. For months now, the British Retail Consortium (BRC) has urged the government to make sure whatever the UK’s trading relationship with the EU is after Brexit, that retailers are not left behind. And with weeks to go until the official divorce on March 29 and still no trade deal in sight, the BRC is calling for urgency on clarity and certainty.

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Books A Million

Founded in 1917 as a street corner newsstand in Florence, Alabama, Books-A-Million, Inc. has grown to become the premier book retailing chain in the Southeastern United States, and the second largest book retailer in the nation. Based in Birmingham, Alabama, the company currently operates more than 250 stores in 32 states. In addition to its primary retail component, the corporation includes a book wholesale and distribution subsidiary, American Wholesale Book Company, an e-commerce division operating as BOOKSAMILLION.COM, and an internet development and services company, NetCentral, in Nashville, Tennessee.

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