Retailers set to warn of low spending in financial updates

Primark, John Lewis and Zara will this week shed light on the state of the High Street amid fears of a slowdown in spending.

Greggs and JD Sports have already issued warnings over a squeeze on consumers.

Primark’s owner Associated British Foods and Zara parent Inditex will update on Wednesday, and John Lewis will report on Thursday. 

Dark clouds have been amassing over the High Street ahead of Rachel Reeves’ Budget on November 26. 

Fashion forward: Kate Moss and Bobby Gillespie model Zara outfiits

The Chancellor, who last year piled £7billion in higher costs onto the retail sector, has been urged to reform business rates. 

But John Lewis chiefs last week said its customers are ‘probably more optimistic than they have been for a very long time’.

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