UK retail profits forecast to shrink by £8bn by 2025
UK retailers will see profits fall as the move towards ecommerce is accelerated by the pandemic.
Pre-tax profit margins are expected to fall to 3.2% by 2025, compared to 3.7% in a pre-pandemic world where consumer behaviour would have remained unchanged, according to a new report from Alvarez & Marsal in partnership with Retail Economics.
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