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View Full Version : Home Retail Sees Margin Slump as Pound's Drop Escalates Costs - Bloomberg



NewsWhore
04-29-2009, 05:22 AM
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Home Retail Sees Margin Slump as Pound&#39;s Drop Escalates Costs (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601102%26sid%3DaFLoUqC_GIE0%26refer%3Duk&cid=1343273467&ei=SR74SfKmMoi4Md_jjIYI&usg=AFQjCNGZYa-HKeuOr6qBFrHBKBYOlOtwlQ)
Bloomberg
The dollar has advanced 34 percent against sterling in the past year, increasing the cost of buying products in the Far East, where many monies are tied to the US currency. Home Retail buys about 50 percent of its products from China, with as much as ...


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