Britain's Retailers Take Cover From Inflation, Brexit, Amazon
Cautious. Challenging. Fragile. Some of Britain’s major retailers don’t have a lot of good things to say about the consumer outlook this year.
While an inflationary squeeze on incomes will ease, households are reluctant to spend freely as Brexit uncertainty drags on and wage growth shows little sign of a meaningful pickup. Consumers may also have left themselves with less space to deal with any future shocks after running down savings and borrowing more in 2017 to compensate for price increases.
It’s another battle for retailers such as Marks & Spencer Group Plc, which on Thursday reported a drop in sales over the Christmas period. Supermarket chains have spent years struggling against the growth of discount grocers, and department and toy stores are taking hits from Amazon.com Inc. and the switch to online shopping.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!