UK retailers face inflation hangover after blowout Christmas

Published by
Reuters

By James Davey, Paul Sandle and Kate Holton LONDON (Reuters) -British consumers enjoyed a blowout Christmas, results from the country’s biggest retailers show, treating themselves to upmarket food, drink and clothes before the sober reality of surging prices hits home in 2022. Retailers including Tesco, Marks & Spencer and Next performed better than expected in the final weeks of 2021, as a surge in COVID cases left pubs and restaurants deserted, and consumers crowding supermarket aisles for turkeys, champagne and gin. But they warned of pain to come as pressure built across their operations, …

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *