Episode Details

UK Retailers Brace for Price Hikes Due to Middle East Conflict

Big high street retailers in the UK are warning of potential price increases for shoppers due to the ongoing conflict in the Middle East. HMV, which operates over 120 stores, anticipates slower business and higher expenses. H&M, the worlds second-largest fashion retailer, expects slight extra cost pressures. Fuel and air freight costs could add millions to retailers bills, potentially driving up prices by 1-10% starting in June.

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