by Paul Martin, UK Head of Retail, KPMG, UK
On June 23rd, the UK voted to leave the European Union. The outcome of this referendum was widely unexpected and could have significant political and economic consequences for the UK, Europe and many other parts of the world in the years to come. KPMG has established itself as a leading thought-leader on Brexit topic and is working with many clients around the world to assess what it means for them. Paul Martin is the UK firms “Brexpert” for the retail sector.
In this session he will update on the latest economic and political developments but most importantly address the implications for the retail sector. He will highlight what Brexit means for UK retailers in the home improvement sector as well as for international retailers that are impacted. In addition he will also explore what Brexit means for the broader supply chain – for organisations that supply the UK retail industry with both goods and services.
by Omarr Aleem, Senior Research Analyst, Cleveland Research Company, USA
The US Home Improvement industry has been an area of outperformance versus the rest of US consumer retail, with 5%+ annual growth since 2012. While the recovery may slow a bit in the coming years as we near the end of the cycle, we continue to see opportunities for retailers and vendors to outpace the rest of consumer retail within US Home Improvement during the Trump presidency. Omarr will share with the audience key areas of focus in the coming years, including how to win with the Pro and Millennial customers and best practices within online and digital.
It is highly uncertain what the UK’s future would look like outside the European Union (EU), which makes Brexit a leap into the unknown. Analysts forecast that after Brexit the EU will continue to be one of the world’s largest markets and the UK’s biggest trading partner. However, a key question still remains: What will happen to DIY businesses with UK connections, what could being out of the single market and customs union mean in day to day terms? What will be the real impact of Brexit on the home improvement industry?