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"Very tough" environment for UK retailers post-Brexit, says The Share Centre's Miah

Published: 14:00 04 Jan 2017 GMT

Research analyst Helal Miah of The Share Centre (LON:SHRE) discusses UK retailers' outlook for 2017 amid intense competition, worries about Christmas trading and a potential rise in inflation post-Brexit.

Commenting on the "very disappointing" set of results from clothing retailer Next (LON:NXT) and the ensuing fall in its share price, he points out that the company is a bellwether for the sector. "With a 7% drop in Christmas sales, this is having on knock-on impact on the rest of the sector and for the coming weeks," he notes.

Given rising inflation and wage pressures, it's going to be a "challenging" and "very tough" environment where margins will continue to be squeezed, he says as Brexit uncertainty will weigh.

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