What Brexit Vote Means for U.K. Retailers

What Brexit Vote Means for U.K. Retailers

Assessment

Interactive Video

Business, Life Skills

University

Hard

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The transcript discusses the impact of a weaker pound on Harrods' import and export activities, particularly in the luxury goods sector, which is heavily reliant on European products. It highlights the challenges and opportunities in visitor numbers and spending habits post-Brexit, with a focus on Middle Eastern and Chinese customers. The discussion also covers Harrods' retail strategy, emphasizing the success of the luxury and budget sectors, and the potential for new trade deals to bring exotic items to the store.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the challenges faced by the middle tier of the retail market?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is Harrods adapting its strategy to attract British customers?

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