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UK retailer Next faces £15M cost hit from Iran conflict and warns of potential price hikes.
UK retailer Next reported a £15 million cost hit from the Iran conflict due to higher shipping and fuel prices.
While the company has offset these costs to maintain its profit forecast, it warned that if the war lasts longer than three months, it may be forced to raise prices.
Sales in the Middle East have dropped 10% to 20%, and international growth forecasts have been revised downward.
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El minorista británico Next enfrenta un costo de 15 millones de libras esterlinas por el conflicto con Irán y advierte sobre posibles aumentos de precios.