With the migration to e-commerce and the impact of the pandemic, UK retailer sector has faced a tough last few years.
And with added pressures of supply chain issues, inflation at a 30-year-high and a cost of living squeeze impacting consumer spending, retailers face yet another turbulent year.
Helen Dickinson, chief executive at the British Retail Consortium, said: “Rising inflation is a continued concern for both consumers and retailers. While retailers are going to great lengths to absorb rising costs, increases in transport, energy, commodity prices and wages are forcing them to raise prices.”
