Latest news and articles about retail companies from NEX English
Associated British Foods reported an 18% decline in its operating profits, indicating a potential decrease in consumer spending due to the tense situation in Iran. This warning comes at a critical time for the European economy.
Retail companies have warned that the ongoing conflict in the Middle East could lead to significant price increases. British retailer Next has reported additional costs of up to <strong>$20 million</strong> due to the conflict, which may be passed on to consumers if the situation persists.