Next to raise prices on clothing and homeware
20 days ago - By Fashion United
Image: Next Plc.
Next reported stellar sales amid the pandemic, seeing a 20 percent growth in occasionwear, a 45 percent increase in its online business, even upping its forecast to 822 million pounds profit, a near 10 percent rise over 2019.
Yet despite its strong sales, the British retailer is seeing a surge in costs for shipping, operations and manufacturing, resulting in price hikes of its spring and summer collections and homeware ranges by 3.7 percent and 6 percent increase for its autumn and winter season goods.
According to the BBC Next also faces increased wage costs, as a result...
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