Next Sees Tough Quarter Ahead and Price Hikes Coming in 2017

  • Higher garment costs could drag down sales by as much as 1%
  • Markdowns during summer sale narrowed first-half margins

Next Plc warned that the current quarter will be its toughest this year and said 2017 sales will be hurt by Brexit-induced price increases as conditions remain difficult for the U.K.’s second-biggest clothing retailer.

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