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Retailers Face Tough Year

Wednesday, January 04, 2017

High street retailer Next has warned of a difficult year ahead after sales fell in the pre-Christmas period. The retail industry is likely to face continued pressure in 2017 as prices rise, putting pressure on consumer spending. The BRC (British Retail Consortium) has warned that the industry could face tough challenges in 2017 after noting the start in an upward trend in prices in the final months of 2016. Many in the industry may use innovation and digital technology to cut costs and increase output.

To read more from the BRC, click here.

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