Companies across the retail spectrum are priming investors for a change, acknowledging the risks of war and inflation and saying the consumer is holding on.
On the other end of the price spectrum, luxury coat brand Moncler addressed the commercial toll of the war in Ukraine, noting, “Although the uncertainty regarding the development of the situation and its possible impacts on global economies remains very high, significant consequences on full-year 2022 results are currently not foreseen.”
• The pandemic still looms large with a new variant threatening the West’s resolve to return to a more normal life as well as China’s zero-COVID-19 approach. A recent report by analysts at investment bank Cowen pointed to the breadth of the inflationary pressure. After two years of unprecedented change around the pandemic, the impulse at first was to see price increases as a reflection of supply chain backups or temporary factory shutdowns, rather than a broader shift.
“We are worried about what’s happening in the Ukraine, we are very concerned about oil prices and energy prices broadly,” he said. “We’re concerned about agricultural prices. The Ukraine and Russia export about 17 percent of the world’s grain, so there’s the potential for a very big shock in grain prices and food prices. Inflation is going to continue to be bad and probably get worse.
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