A survey of CFOs at 52 leading retailers revealed a troubling sentiment of -57, with 70% expressing pessimism about trading conditions over the next 12 months.
The major concerns for CFOs included falling demand, rising inflation, and increasing tax burdens, all cited by over 60% as their top issues.
To cope with rising NICs from April 2025, a majority of CFOs plan to raise prices, reduce headcount, and potentially automate further.
46% of CFOs indicated plans to reduce capital expenditure, with 25% considering delaying new store openings due to concerns over future profits.
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