British retailers face being overtaken by European rivals on the high street by next year, according to investment service giant Moody’s. Moody’s said it expected staple high street retailers like Next and Marks & Spencer’s growth would slow to a crawl or enter decline in 2018. According to its study of European retailers, seen by The Daily Telegraph, UK brands are set to see their market share come under threat from the “combined onslaught of a broad range of competitors” like Primark, Superdry, H&M, Zara and online giants like Boohoo and Asos.
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British retailer under threat from European rivals says Moody’s