Shoppers who pop into Next later this year might be shocked to find higher prices on labels as the company announces price increases today. The move from Next could be a huge disappointment to millions of shoppers as the cost of living crisis in the UK soars, putting real pressure on countless families.
Next has said that its products will increase in price by eight per cent in the spring and summer season, before increasing even further in the latter months of 2023. The high street stalwart has said that rising operating costs and an increase in the price of goods is partly to blame.