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Higher Q2 sales at Next

Next reported a 0.3% rise in total sales in Q2, against a background of improving stock availability and clearance rates as well as better weather. Total sales are 0.3% lower for the year so far.

Chief executive Lord Wolfson said the weaker pound, following the Brexit vote, could impact currency costing rates by up to 9% next year.

Separately, research by Barclays shows around 30% of retailers are considering changing suppliers or the countries where they source products following the vote.

Click here for the full Times article (£)

Click here for the full Daily Telegraph article

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