Brexit has reportedly shrunk EU textile/apparel imports from the UK, and EU exports into the UK market, by 44% and 22% respectively. A trend that the measures deployed on January 1 will further exacerbate.
Barbour’s latest year saw revenues plunging, its newly-filed accounts showed on Thursday. But there was good news as the firm is profitable and said its performance showed the “strength and resilience” of its brands
Sales at Stella McCartney fell to £28.4m from £38.6m as the pandemic hit last year. And it saw a pre-tax loss bigger than its sales at £31.4m. But 2020 was also a year of renewal and it said 2021 sales are recovering.
The pandemic and Brexit may have dampened enthusiasm for cross-border shopping among some consumers, however the channel remains buoyant as news from global cross-border e-tail specialist ESW showed on Monday.