Analysis: Next boss Wolfson on the cost-of-living crisis, sterling and trading
Fashion giant Next cut full-year expectations when it posted interim results today, flagging uncertain trading conditions as retailers confront a host of issues ranging from the soaring cost of living through to political and economic volatility.
During the update, Next chief executive Lord Wolfson shared his thoughts on some of the forces at play, although he said it was more difficult than ever to forecast near-term sales trends.
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