After several years of staying close to home, it’s no surprise that, even with the cost-of-living crisis, more than 60% of Brits are planning an overseas holiday this year – up by 10% on last year, according to research by American Express.
When it comes to UK retailers, however, Retail Week’s ranking of international sales shows that economic uncertainty has resulted in a delay on many of their departure boards.
According to Retail Week research director Lisa Byfield-Green, Tesco’s international performance best demonstrates the challenges UK retailers have faced and the sacrifices required to operate a growing and profitable UK operation.
Already have an account? Sign in here