THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Barbour forced to raise prices due to “extraordinary challenges”

Wax jacket brand Barbour has been forced to raise its prices due to the impact of higher inflation, the cost-of-living crisis, and a slowdown in customer… View Article

FASHION RETAIL NEWS UK

Barbour forced to raise prices due to “extraordinary challenges”

Wax jacket brand Barbour has been forced to raise its prices due to the impact of higher inflation, the cost-of-living crisis, and a slowdown in customer demand.

The 129-year-old business told The Telegraph that it was facing a combination of issues, including prices increases for materials, staffing, shipping and energy, as well as higher duty costs following the UK’s exit from the EU.

Owned by the Barbour family, the South Shields based business saw its sales rise by 32% to £286.6 million in the year to April 2022 as it began to recover following the easing of Covid-19 restrictions.

Looking ahead, Barbour managing director Steve Buck told the newspaper: “The fiscal year 2022/23 will see some extraordinary challenges for our business with higher inflation, the cost-of-living crisis and market contraction.

“The ongoing impact of the pandemic, Brexit and the current global economic uncertainty has resulted in many challenges to margins across all channels and markets, including rising costs and pricing pressures.

“We’ve had to increase some of our prices, but being very mindful of what customers are experiencing, we have only passed on half of the cost increase in price.”

Subscribe For Retail News