Mountain Warehouse warns of higher prices after Brexit
Outdoor retailer Mountain Warehouse has notched up record first-half sales, but its boss warned that the collapse in sterling will mean higher prices for shoppers from next year.
The company said sales for the first six months of its financial year climbed 29.5 per cent to £76.8 million, although pre-tax profits edged down to £4m, from £4.3m a year ago, with the decline attributed to “a period of significant investment in new stores”.
Founder and chief executive Mark Neale said the chain would have to deal with increased costs sparked by the falling pound “in three ways”.
He said: “A third... read more
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