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Retail News - Is this the beginning of consumers’ Brexit backlash? Shock figures from CBI as Sainsbury’s and House of Fraser reveal tough trading conditions

Is this the beginning of consumers’ Brexit backlash? Shock figures from CBI as Sainsbury’s and House of Fraser reveal tough trading conditions

After John Lewis’ fall in profits were announced earlier this month, House of Fraser also revealed it had suffered a blow to profits. As one of the much-cited high street winners of multi-channel retail reported a near 50 per cent drop in first half profits this year as the department store said it faced a “very challenging retail environment” after 26 weeks of unseasonable weather and Brexit uncertainty.

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