White goods prices are up a third since last year and set to climb higher, says Appliances Direct boss.
The prices of fridges, freezers and dishwashers are up by a third since last year and set to climb higher, the boss of a white goods retailer says.
"If you look at a large American fridge freezer that we bring in over from China, pre-Covid that cost around £12 to ship, £12 door-to-door from a factory in northern China across to the UK and that would take six months lead time," he said. He said that Buy It Direct, which also owns Laptops Direct and Furniture 123, had laid off 150 of its 1,000 staff this year in "anticipation of a slowdown" in consumer spending.Mr Glynne's warnings follow research in February from price comparison site Price Runner, which found that prices of white goods and gadgets had soared by nearly 50% in just two years.
Most bulky white goods are made in China, but Mr Glynne said recent strict lockdowns in cities like Shanghai had hit factories, meaning it was harder for the UK to source products.
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