Developments for brand Britain with celebration week, footwear innovations, Calls for Brexit clarity, optimism and restructuring
British Flowers Week 10-16 June 2019
British Flower Week was created by New Covent Garden Market, as an annual celebration of the UK cut flower industry. The week runs from 10-16 June 2019 to encourage the purchase of British flowers, plants and foliage.
Boots and icons boost Hunter to profit
Sales growth in America, alongside Mary-Poppins-themed range helped Hunter Boot Limited turn into profit, Kelly (2019). The film icon association followed a collaboration with Disney, allowing the Edinburgh boot maker to build on its established Festival links and promote its luxury range to new segments.
Brexit uncertainty impacts in Q12019
According to the Confederation of British Industries (CBI), business activity was at standstill in the first quarter, 2019, Smith (2019). The Brexit uncertainty is impacting on project approvals and investment. The CBI are calling on government to focus on compromise, consensus and honesty to move the Brexit blockade forward.
Firms upbeat in Twitter analysis
In the Daily Telegraphy Business Tracker, compiled by Impact Social during the five weeks from 23 April to May 27th, 2019, 56% of firms are upbeat, Caines (2019). The positive sentiment (18%) chimes with a series of Awards, including the Queen’s Award for Enterprise, Federation of Small Businesses and the EY Entrepreneur of the Year competition (UK). Other reasons to be cheerful included, the Brexit extension to October 2019, securing new investment, increased sales and growth within UK regions.
Boots review retail network to close stores to meet shopper preferences for online
With 2,485 stores across the UK, Boots is to prune its store network, Armstrong (2019). The move follows a fall in profits and a drive to cut costs from parent Walgreens. With 56,000 employees, Boots will look to close 200 stores. The shift in strategy follows customer needs, where younger shops prefer buying niche brands online. Boots continue to innovate, with Rihanna’s Fenty Beauty now to be stocked in stores.