Retail giantÂ warns of '˜challenges' in event of no-deal Brexit '“Â National
A HIGH street retailer says there are '˜significant challenges' in preparing for a no-deal BrexitÂ
Next has warned that the challenges will be tough to overcome, butÂ said the risks do not pose a '˜material threat to the ongoing operations and profitability of Next's business here in the UK or to our Â£190 million turnover business in the EU'.
It said it was '˜well advanced'Â in its preparations to operate in the UK and EU without a free trade agreement in place by next March.
But it warned the biggest risk to the business was the likelihood of queues and delays at UK and EU ports.
A sharp fall in the value of the pound and increased tariffs also pose a threat, it added.