Spend Matters: Increasing UK retail prices – when will the retailer blink?

admin In the press

Sales growth is struggling, in fact a 0.8% fall in September in the UK, inflation at its highest level for five years, pressure on retail procurement is growing and still retailers are resisting being the first to increase prices. Grocers are laying off staff, high streets are decimated and charity shops are becoming more prevalent.  Over the past 12 months over 6000 stores have been shut or filed for bankruptcy, including the likes of Toys R Us, Jones the Bootmaker and American Apparel.  Yet still, they wait …

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