Next ‘resilient’ in the face of inflation
By Neil Craven
HIGH street retailer Next will remain ‘resilient’ despite pressure on costs and the consumer, according to a global credit rating agency.
In a sign of confidence in the chain’s long-serving chief executive Lord Wolfson, S&P Global said it expected Next to ‘sustain its strong operating performance despite rising inflation’.
S&P analysts said: ‘We expect conditions in the apparel industry to remain tough, with very strong competition. But Next has a track record of strong execution and adjusting its operating model to overcome ongoing challenges.’
Financial
en-gb
2022-05-22T07:00:00.0000000Z
2022-05-22T07:00:00.0000000Z
https://mailonline.pressreader.com/article/283966066092146
dmg media (UK)