Next warns of price hikes as annual profit rises 14.5%
Next reported a 14.5 percent rise in annual profit while warning that the Iran conflict could impact costs. The group edged up its profit guidance for the year.
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The British clothing retailer NEXT plc has cautioned that the ongoing conflict involving the United States, Israel, and Iran is likely to impact its operational costs, retail pricing, and overall consumer demand. This warning accompanied the group's latest financial report, which highlighted a 14.5% increase in annual profit.
