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Evening Standard
Evening Standard
Business
Jonathan Prynn

Next warns shoppers of higher prices if Iran conflict drags on till summer

Fashion giant Next today warned shoppers it will have to start passing on costs through higher prices if the conflict in the Middle East persists through to the summer.

The retail chain said that so far it has only accounted for around £15 million of extra costs - chiefly in the form of higher fuel and air freight bills - and these have been offset by savings elsewhere.

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