Episode Details

Next, a UK fashion retailer, is bracing for a £15 million hit due to the Iran conflict, primarily from increased fuel and air freight costs. Despite this, they reported a 14.5% rise in annual profits to £1.16 billion. The company has set aside a cash provision for a three-month war scenario, but savings in other areas keep profit guidance intact. Middle East markets, accounting for 6% of sales, are slowing growth and increasing costs, leading to potential price hikes and supply chain issues. Next has revised its international sales forecast to 14.3% growth this year, up from 16.5%, and boosted UK expectations to 2.2% after strong early results. Overall, sales are expected to rise by 4.5%.

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