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Slow economic uptick in UK casts shadow over retail spending trends

05 Apr '24
74 min read
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Pic: Adobe Stock

Insights

  • UK's slow economic recovery is impacting retail spending due to high interest rates and a challenging global landscape.
  • Consumer expenditure is shifting towards essentials, affecting retail profitability and debt servicing.
  • While retail faces pressures, there's a silver lining for the textile industry with potential export growth opportunities.
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