What Brexit Vote Means for U.K. Retailers

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.

What percentage of the world's luxury industry is based in Europe?

• 50%

• 70%

• 30%

• 90%

Which regions are the major spenders at Harrods, as mentioned in the video?

• Australia and South America

• Africa and India

• Middle East and China

• North America and Europe

What is the current trend in the retail system according to the video?

• The luxury and bottom ends are doing well

• Only the luxury segment is struggling

• All segments are struggling

• The middle segment is thriving

How does Harrods plan to attract more British customers?

• By increasing advertising

• By hosting more events

• By offering discounts

• By expanding store locations

Which country's business with Harrods is 20% larger than that with the United States?

• Canada

• Brazil

• Thailand

• Japan