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Next: Iran War Costs Retailer £15m and Could Push up Prices

Summary by City AM
High street giant Next has said it will take a £15m hit from the soaring air freight and fuel prices caused by the Iran war, as it races to make savings elsewhere to offset the costs.  The FTSE 100 firm said it expects the conflict to constrain its growth in the Middle East, which accounts for six per cent of its turnover, and to impact costs, prices and consumer demand across the whole business. Next took £1.2bn in pre-tax profit the year to Ja…
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City AM broke the news in London, United Kingdom on Thursday, March 26, 2026.
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