Fitch say Jaeger failure and weak UK data underline negative retail outlook

US ratings agency Fitch out with a note on the UK retail sector 13 April
– the collapse of UK fashion retailer Jaeger and weak non-food sales figures from BRC reinforce our negative sector and ratings outlooks for the European retail sector
Not just the UK. Not a happy picture for many economies. Throw in wages not keeping up with inflation and the concerns are understandable.