High street favourite Next will remain ‘resilient’ despite cost pressures, global credit rating agency says
High street retailer Next will remain ‘resilient’ despite pressure on costs and the consumer, according to a global credit rating agency.
In a sign of confidence in the chain’s long-serving chief executive Lord Wolfson, S&P Global said it expected Next to ‘sustain its strong operating performance despite rising inflation’.
S&P analysts said: ‘We expect conditions in the apparel industry to remain tough, with very strong competition.
‘But Next has a track record of strong execution and adjusting its operating model to overcome ongoing challenges.’