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H&M Warns: Prolonged Middle East War Could Affect Consumer Spending
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 ...
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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%.

Related NewsInitial Jobless Claims for Mar/28 in the United States is 202K, lower than the previous value of 211K. The forecast was 212K.
H&M stated that ongoing conflicts will drive up energy prices, harming consumer interests.

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Related NewsUnemployment Rate for Mar in United States is 4.3%, lower than the previous value of 4.4%. The forecast was 4.4%.
This article was automatically translated by AI, the Chinese version should be considered the authoritative version. 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.

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