24 April 2020
Responding to the latest retail sales figures for March issued today by the Office of National Statistics, Ryan Broomfield, partner and retail specialist at RSM said:
‘The latest retail sales figures for March reflect the start of a significant downturn in UK consumer spend. The effects of coronavirus and lockdown saw the quantity of sales fall sharply by 5.1 per cent and the value of sales dropped by 5.7 per cent compared to the previous year.
26 February 2020
Reducing costs will be the top priority for retailers in 2020 with two thirds planning to renegotiate rents, according to the latest research.
16 December 2019
After an unpredictable climate for the retail sector moving into 2020 we predict what lies ahead for the industry in the new year.
28 September 2018
2018 has seen several high-profile businesses being rescued or left to fail; others are seeking to review their portfolios, funding position or to rationalise their structures; even previously “untouchable” businesses such as John Lewis are feeling the effects of an increasingly tough trading environment.
29 June 2017
It’s fair to say that the leisure and hospitality sector has faced a challenging first half of 2017. The uncertainty of a hung parliament, a fraught Brexit process and fears surrounding terrorist attacks have all impacted consumer confidence.
Ryan is part of the London corporate tax team with over 10 years’ experience in advising clients on international and UK tax matters.