Following the publication of strong results from several leading UK retailers, James Batham, partner and head of retail at law firm at Eversheds, has commented.
Batham said that although the number of good news stories for the UK’s retail sector was starting to exeed the number of bad stories, the high street will ‘continue to feel the challenge for a long time yet as business rates, as well as other costs and regulations, continue to bite.’
However, he went on to say that the slow restart of the housing market will have a positive impact on retailers.
He said: ‘We remain a long way from the high point of the rise in housing values that enables people to release equity to spend, but we might well see some small growth in furnishings, electrical and other similar sectors if more people start to move house.
‘It is these sectors that will be most pleased to see these latest positive retail figures.’