Inflation trap looms for British retailers

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Inflation trap looms for British retailers
 © CyprusMail 2022
Three leading British retailers on Thursday underscored the threat they face from inflation this year, with their bosses battling to remain competitive as consumer finances come under pressure and prices surge.

Next (NXT.L), Britain’s most profitable clothing retailer, Greggs (GRG.L), a booming food-to-go chain, and discount group B&M (BMEB.L) need to absorb higher commodity, energy, labour and freight costs without pushing prices up to the detriment of sales.

For Next, the worry is the gap between price rises and customers’...

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Article automatically added to our system on Friday, January 7, 2022

Inflation trap looms for British retailers

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Article Tags: #inflation   #looms   #british   #retailers  

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