26th Jun 2024 11:54
Tandem Group PLC - Birmingham, England-based sports and leisure product retailer - Expects to meet market expectations for 2024, though it notes a "challenging environment marked by increasing freight costs". These have more than trebled "in recent months," citing the ongoing conflict in the Red Sea. "Additionally, we have experienced some of the wettest seasonal weather on record, further impacting consumer demand. Moreover, high interest rates have persisted longer than anticipated, restricting consumer spending power and presenting another layer of complexity to our market dynamics," Chair Steve Grant says ahead of the firm's annual general meeting. Read More
