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.
Read the full article on the Reuters website
NAM Implications:
- Key is the double whammy of:
- rising costs (well documented elsewhere)
- and lockdown-induced blows to consumer confidence in terms of willingness and ability to spend
- With the government having little credibility…
- …suppliers need to focus on the basics in preserving faith with the consumer…
- …whilst endeavouring to deliver more than it says on the tin.
- Every time!
