The Federation of Independent Retailers has expressed its anger as News UK defers retailer profit margins on weekend Times cover price increases. Mo Razzaq: “In real terms, retailers’ profit margins are actually being cut for the next six months.” Photograph: Supplied by The Fed. The Fed says from July 6, the price of The Times Saturday will increase from £3.50 to £4, while The Sunday Times will go up from £4 to £4.50. The letter attempts to justify the move by saying: “Cover price changes on The Times and The Sunday Times do not immediately transfer to subscription prices. As a result, retail margins will be held at the current cash rates for a period of six months.”The Fed’s National President Mo Razzaq said: “In real terms, retailers’ profit margins are actually being cut for the next six months.

Source: The Times June 27, 2024 13:38 UTC