Retail giant warns of '˜challenges' in event of no-deal Brexit '“ National

A HIGH street retailer says there are '˜significant challenges' in preparing for a no-deal BrexitÂ
By The Newsroom
Published 25th Sep 2018, 07:34 BST
Updated 25th Sep 2018, 08:43 BST
How do you think the high street will be affected?How do you think the high street will be affected?
How do you think the high street will be affected?

Next has warned that the challenges will be tough to overcome, but 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 £190 million turnover business in the EU'.

It said it was '˜well advanced' 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.

Related topics:Brexit