Shop Giant Loses Faith in Far East ; Littlewoods Owner Shifts Production As Its Costs Rocket

Summary


ONE of Britain's biggest retailers plans to radically shift production closer to home in the face of rising costs in the Far East.

Shop Direct chief executive Mark Newton-Jones said that he intended to triple clothing production on mainland Europe and its periphery, predominantly Turkey, to 30 per cent next year.

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Extract


Shop Giant Loses Faith in Far East ; Littlewoods Owner Shifts Production As Its Costs Rocket

For more than a decade, British retailers have sought to build manufacturing in China and India, but...

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