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What’s Next? Higher Prices, According to This 700-Store Retailer

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Prices are going up at Next Plc. The 700-store British fashion chain cited stubbornly high freight costs as one of the main factors behind its decision to increase product prices in the spring and in the fall. The Leicester-based retailer also pointed to nationwide wage inflation as a culprit and said “further increases in manufacturing…

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