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H&M Warns: Prolonged Middle East War Could Affect Consumer Spending
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Retail chains such as Next and H&M have warned that if the conflict in the Middle East continues, expected price increases will suppress consumer spending. Next stated on Thursday that rising freight and energy costs will increase expenses by GBP15 million in the short term. The company indicated that if the conflict involving Iran persists for more than three months, it may raise prices by 1.5% to 2%. H&M stated that ongoing conflicts will drive up energy prices, harming consumer interests. (me/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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