Next CEO predicts retail prices to fall due to factory gate price decrease, despite Red Sea inflation crisis.
Next CEO Lord Wolfson expects retail prices to fall despite the Red Sea inflation crisis, due to decreasing factory gate prices. Shoppers are likely to see a "small reduction" in prices at the tills over the next 10 months, with prices expected to deflate 0.5% in the second half. Despite delays in shipping times and increased staff costs, Next remains optimistic about price drops.
March 21, 2024
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