Staff Reporter
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Retailers’ profit expectations fall to 52% in June
This is down from 59% in March.
Executives in the retail industry are becoming less optimistic about future profits, with only 52% expecting an increase over the next six months, according to a new McKinsey survey.
This is down from 59% in both the preceding quarter and in December 2024.
Meanwhile, 29% of respondents expect workforce growth, up from 25% in March.
Outlooks for customer demand saw a modest rise, with 40% predicting an increase.
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