UK Fashion Retailers Poised to Unlock £276 Million ($377 Million) in Hidden Savings Amid Margin Pressures
New industry analysis shows that UK fashion retailers are overlooking a major £276 million ($377 million) cost-saving opportunity by not strategically managing Goods Not for Resale (GNFR) expenses. With sector-wide GNFR spending projected at £3.9 billion ($5.3 billion) in 2025, a systematic approach could deliver an average 7% reduction in these costs, directly boosting operating … Read more