Next says Middle East conflict could raise clothing prices by up to 10%

Retailer says higher fuel and factory costs may hit supply chains and lead to ‘significant increase in prices’ Business live – latest updatesThe boss of Next has said clothing prices could rise by 4% to 10% if conflict in the Middle East extends into the autumn and factories are hit by higher fuel and fabric costs.Simon Wolfson said the clothing and home retailer had so far seen little disruption to its supply chain. Continue reading...