Next announces major change as shop confirms two price increases this year
dailyrecord.co.ukNext has warned its shoppers that it will be raising its prices this year, despite seeing a boost in its sales over the Christmas period.
The British high street giant has today confirmed that shoppers can expect to find higher prices on its clothing in a change that will affect every UK store.The fashion and homeware chain has announced that prices will rise by eight percent in the spring and summer before increasing a further six percent in autumn and winter.
In a financial update this morning, Next said that an increase in operating costs and the price of goods were partly to blame for the change.
This is the second time in less than a year that the retailer has had to raise its prices, after it increased costs by six percent in March 2022.Next joins a list of other retailers including McDonald's and Greggs who have had to increase costs due to the soaring rate of inflation.
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