There has been a further addition to the difficulties of the UK retail market. This has come after the floor coverings company Carpetright as well as the bicycle parts manufacturer firm Halfords joined the ranks of the British retailers on their outlook for profit as the consumers are to hold back on the discretion in their spending.

There was a fall of as much as 7.5% in the shares of Halfords after there was the cutting of profit guidance for the second time now in a period of three months. The shares of Carpetright on the other hand fell by a large 2.6 % after there were 2 profit alerts here in a period of two months.

The consumers from Britain are not really willing to spend higher as the inflation has made them do. There has been an increase in the VAT as well as the sales tax and this has made evident an increase in the prices of food and other essential utilities.

Another reason to worry for them is the cuts to welfare as well as the job losses. To contribute further is the higher rates of interest.