Retailers face challenging times as as profit warnings from UK listed companies surge in Q3 — Retail Technology Innovation Hub
Silvia Rindone, EY-Parthenon UK&I Retail Lead, says: “Retailers are entering the golden quarter under immense pressure, with profit warnings at a two-year high and profit warnings citing weaker consumer sentiment at their highest since 2022.” “The EY-Parthenon data shows that over half of retail warnings stem from declining confidence, and this is compounded by rising…