- Home
- Analytics
- Market News
- Market Overview
- A No-deal Brexit Could Put a Damper on Christmas
Market Overview
A No-deal Brexit Could Put a Damper on Christmas
British retailers are panicking about how a no-deal Brexit on October 31 could damage the busiest shopping season of the year. They are worried about where to stock the extra items needed for Christmas, import delays and tariffs.
The companies that may be affected the most are those who sell toys and electronics, as a no-deal could mean that stocking these kinds of items may prove difficult, as many stockpiles are already at their limit. The chief executive of Sainsbury’s supermarket group – which also owns Argos, the UK’s biggest toy retailer, said the Brexit deadline of 31 October is the worst day possible for retailers.
“Our warehouses start to get pretty cramped during the course of October as we are stockpiling to be able to cope with the Christmas season … there are generally very, very few places you can go and the nature of the supply chain [for toys and other non-food goods] means you can’t really stockpile this kind of item,” Coupe said.
He also added that potential delays at ports and the imposition of tariffs could mean that difficulties could arise for all kinds of imported products, according to The Guardian.
Other retailers are also feeling the pressure, as the books retailer The Works, has brought in products five weeks earlier this year and increased stock in stores, in order to protect itself from shortages.
Disclaimer:
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
TeleTrade EU is a multi-award-winning, EU licensed and regulated Cyprus Investment Firm.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2023 TeleTrade-DJ International Consulting Ltd
This website is operated by Teletrade-DJ International Consulting Ltd, which is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11. Teletrade-DJ International Consulting Ltd is located at 88, Arch. Makarios Avenue, 2nd floor, Nicosia Cyprus.
The company operates in accordance with the Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Teletrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Please read our full Terms of Use.
To maximise our visitors' browsing experience, TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies.
Teletrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
