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Birmingham Post
Birmingham Post
Business
Tom Pegden

Closing Ukraine and Russia websites to cost Next Plc £85m in lost sales

Next Plc has revealed the big hit it expects to take from shutting down operations in Russia and Ukraine.

The high street fashion and homewares chain said it will lose sales of around £85 million this financial year from closing its websites in the two countries.

It said the war will knock £18 million off its profits, but said that strong UK trade will partially offset that.

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