What happened: Retailer Next announced it will increase prices by up to 8% in markets outside Europe due to costs linked to the Iran war. UK prices will remain unchanged following strong first-quarter sales.
Why it matters:
- Customers outside Europe will face higher prices on Next products.
- Next's UK sales performance remains stable despite global challenges.
MNN Take: Next is adjusting prices abroad to offset increased expenses from geopolitical tensions, while maintaining steady pricing at home where sales are robust.
Sources: BBC Business