Next warns of price hikes ahead
Retailer Next has reported an increase in sales, but warned that prices could rise on the back of sterling weakness.
“In the medium term, the devaluation of the pound is likely to affect the cost price of our goods. There will be no effect on the year to January 2017, as we have fully hedged all our currency exposure. . . Although it is very early in the buying cycle, we currently estimate that cost...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures