Retail sector braces for shock waves from Britain

Retail sector braces for shock waves from Britain

So far, things on this side of the water remain buoyant, but there are some who fear that may change.

Last week Debenhams became the latest British retailer to release bad news, cutting its profit forecast for the third time in six months, and stating that it now expects pre-tax profits for the 2018 financial year to be between £35 million and £40 million, compared with market expectations of just over £50 million.

House of Fraser, Homebase, Poundland and New Look are among retailers under pressure in Britain, leading to gaps on high streets and reduced income for landlords....

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