Mar 23, 2017
What Next for shops?
Of course it's not just Next that's up against it, it's the High Street as a whole. Next Directory sales have been rising every year for the past 10. The fall in sterling since the Brexit vote has pushed up the cost of imports for the likes of Next, although it says it doesn't expect price rises to be any worse in the second half of the year, and "They may be a little better". It doesn't see inflationary pressures easing until the second half of next year. It's worth remembering this is not the first time Next - or retailers in general - have confronted such a mountain of adversity.
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