A HIGH street retailer says there are ‘significant challenges’ in preparing for a no-deal Brexit
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.