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Inflation trap looms for British retailers
LONDON, Jan 6 (Reuters) – Three leading British shops on Thursday underscored the menace they facial area from inflation this yr, with their bosses battling to stay aggressive as purchaser finances occur below force and rates surge. Subsequent (NXT.L), Britain’s most successful clothing retailer, Greggs (GRG.L), a booming food stuff-to-go chain, and discounted team B&M (BMEB.L) have to have to take up better commodity, electrical power, labour and freight prices without having pushing price ranges up to the detriment of product sales. For Following, the stress is the hole involving price tag rises and customers’ wage boosts, when Greggs has lifted its own team wages to keep personnel in a…