Updates

Outlook for 2021 – Retail Think Tank

After what we can all agree was a turbulent 2020, here’s what to expect in 2021

UK retailers should prepare for a brighter outlook for the second half of 2021, with sales growth expected between flat and +3% for the year
The competition with the hospitality and leisure sector for pent-up spend will be fierce as restrictions are eased
Shifts in consumer behaviour likely to impact the grocery sector permanently
Urgent reform of the business rates system, rental levels and a future vision is required in order to support the high street