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Trucker shortage standoff sets UK on course for food chaos
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Truck Driver Shortage Sets U K on Path for Food Chaos
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Dixons to Close Travel Airport Stores After U.K. Tax Rule Change
Bloomberg 2 hrs ago © Photographer: JUNG YEON-JE/AFP A visitor plays a game using Microsoft s Xbox controller
(Bloomberg) Dixons Carphone Plc will close its stores in airports, betting that a travel recovery won’t bring enough customers to make up for a U.K. decision to end tax-free shopping.
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The electronics and mobile phone retailer operates 35 Dixons Travel stores in the U.K. and Ireland, the majority of which are located at Heathrow Airport. A familiar sight for travelers looking to buy chargers and headphones at the last minute, the stores contributed about 20 million pounds ($27.8 million) to annual profit.
Research and Markets: Europe Gift Card and Incentive Card Future Growth Dynamics: Spend Analysis by Digital/e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions, and Demographics - ResearchAndMarkets.com
ResearchAndMarkets.com s offering.
The European gift card market has seen significant growth over the past few years. However, the gift card market growth in the region in 2020 has been impacted due to the pandemic. COVID-19 has had adverse effect on the social and economic condition in Europe. Real GDP fell by about 40% in Q2 20 (annualized quarter-over-quarter), with greater contraction in advanced Europe, where the virus spread first, as compared to emerging Europe. Moreover, the pandemic is worsening in the region. As per Organization for Economic Co-operation and Development (OECD), the UK is the most affected by the pandemic and by the end of 2021 the UK economy is expected to be 6% smaller than pre- COVID crisis.
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