Mountain Warehouse warns of higher prices after Brexit as sales hit record £77m



Outdoor retailer Mountain Warehouse has notched up record sales in the first half of the year, but boss Mark Neale warned that the collapse in sterling will mean higher prices for shoppers from next year.
The company said first-half sales grew 29.5% to £76.8 million, with pre-tax profit edging down from £4.3 million to £4 million.
Mr Neale told the Press Association: "The biggest problem for us is the currency. We're hedged until February 2016, but after that we're going to have to deal with the increased costs in three ways.
"A third will come out of securing better prices from... read more

 
14 October 2016 in Regional East, Views: 31
Source: Belper News
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