Global credit rating agency says parent company Next will remain “sustainable” despite cost pressures

According to the global credit rating agency, retailer Next will remain “sustainable” despite pressure on costs and the consumer.

In a letter of confidence to Lord Wolfson’s long-term CEO, S&P Global said it expected Next to “maintain its strong operating performance despite rising inflation”.

S&P analysts said: “We expect the conditions in the garment industry to remain tough with very strong competition.

“But Next has a track record of good performance and operating model adjustments to overcome current challenges.”

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