Retailer Mountain Warehouse to hike prices to offset weaker pound as Brexit sees it shelve plans for an IPO
A weaker pound will mean higher prices for Mountain Warehouse customers, the outdoor retailer has warned, as it indicated it has shelved IPO plans due to Brexit.
The private equity-owned company, which opened its 250th UK store last month, said it will face increased costs from sterling drop in the wake of the vote to leave the European Union as it was only hedged against the currency until last February.
While it will absorb some of the costs increases and renegotiate deals with suppliers, some of the rises will be passed on to customers, Mountain Warehouse said in an update today.... read more
- 11:35 Chesterfield mum says Nottingham prison – where her son died – was...
- 11:34 EastEnders spoilers: Tragic death tonight as the Brannings say...
- 11:34 Unaccompanied teens hit by McDonald's evening ban
- 11:34 Bridge and lifts set to boost Fylde coast railway station
- 11:34 Wigan mum wrongly claimed £12,000 in benefits
- 11:33 Nuneaton gym to be put into liquidation
- 11:32 Pocket watch handed down from First World War casualty stolen
- 11:32 Pound v US dollar: GBP holds onto gains despite sharp drop in UK...
- 11:32 Pound V euro: GBP rate drops against EUR as UK retail sales worsen
- 11:31 Mayor Joe: new prison could be needed to replace 'failing' Walton jail
- 11:31 Sanchez - Mkhitaryan swap delayed by 36 hours: No debuts this...
- 11:30 Arsene Wenger explains why Alexis Sanchez departure to Mancheter...
- 11:29 Jail for man who threatened 78-year-old Spalding antiques dealer...
- 11:29 Taxpayers set to pay extra £12 a year to fund more cops to fight...
- 11:28 Japanese flu symptoms and how is it different to Australian flu?
- 09:34 Theatre Review Laughing at, not with, the working class
- 09:34 Theatre Review Room for development
- 09:34 Book Review Picture This: A book of miracles
- 09:34 Theatre Review Tragicomic dilemmas of a world where the drugs don't...
- 11:28 Penwortham man Nick Sagar made such a sound career choice
- 09:34 Jazz Review Rare music treat from Tippett trio
- 11:28 The Walking Dead season 8: Lauren Cohan reveals Maggie’s upcoming...
- 09:34 Theatre Review Sure-footed sex and violence
- 09:34 Music Album reviews with Ian Sinclair
- 09:34 Photography Authentic ambrosia
- 09:34 Interview ‘He spoke to what was needed to create an equal society’
- 11:27 Mel C from the Spice Girls heading to Uttoxeter Racecourse for DJ...
- 09:34 Poetry On Shitholes
- 09:34 Film Of The Week Urgent message in The Post
- 09:34 Reviews Film round-up: January 18