Analysis: How are retailers mitigating the downfall of the pound?

Pound coin

What does a weakened pound mean for UK retailers? Who is feeling the pinch most? And what can they do to mitigate the problem? 

The cost of doing business is getting higher and higher. While bills for freight, containers, utilities and labour are soaring, the pound is weakening.

In the past, retailers have looked to cut operating costs to get on top of currency devaluation, but as those costs skyrocket to unforeseen heights, that’s becoming harder to do. 

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