Next, make big changes – and buyers will not be happy

NEXT is a big change in prices and buyers will be disappointed.

Shoppers might find that Next’s clothes are more expensive this year as the retailer confirmed the price increase today.

Next will increase prices by eight percent this spring


Next will increase prices by eight percent this springCredit: Alamy
How the UK inflation rate has changed over time (latest ONS data)


How the UK inflation rate has changed over time (latest ONS data)

The cost of living in the UK is rising, energy bills and shop prices are rising.

According to this, prices rise by eight percent in spring and summer, before rising again by six percent in autumn and winter.

In a financial update this morning, Next said an increase in operating costs and commodity prices were partly responsible for the increase.

Next announced it had better-than-expected holiday sales but said it remained “cautious” for the coming year.

Demand has been impacted by the cost of living and energy crises, rising mortgage costs and home price hikes.

The retailer said: “Both online and in retail, we have exceeded our sales expectations at full price, with retail being particularly strong.

“We believe we underestimated the negative impact of Covid on our retail sales over the past year.”

Chief Executive Lord Simon Wolfson said shoppers are also immersing themselves in the savings built up during the pandemic, while keeping a tight rein on their energy use to keep bills down.

But it’s not the first time Next has raised its prices, costs rose by six percent in March last year.

Households and businesses are struggling with rising inflation, which is affecting prices in stores.

The UK’s current inflation rate fell to 10.7 percent in November, according to the latest figures from the Office for National Statistics (ONS).

Inflation is a measure of how much the prices of goods and services have changed over time.

As it rises, so do the prices of everyday items and essentials, from groceries to fuel to transportation costs – meaning you have to pay more just to make ends meet.

The ONS will release the UK inflation rate for December in the coming weeks.

Retailers such as McDonald’s and Greggs have increased their prices over the last year, which has taken a toll on consumers.

The price of a Greggs sausage roll has gone from £1.10 to £1.15 – an increase of 5p.

While the popular 99p McDonald’s cheeseburger has gone up in price, from 99p to £1.19.

How can I save money in the shops?

Watch out for any sales, but only buy things you already have planned – otherwise you won’t really save.

Some retailers have secret sections in their online stores where you can find big discounts.

Amazon Warehouse sells returned goods at discounted prices.

Before you buy anything online, check your email or coupon websites to see if there are valid discount codes that could help you get a cheaper price.

Buying second-hand is also a proven way to get clothes, toys, books, and household goods cheaper.

If you’re concerned about the impact of inflation on your supermarket shopping, you could consider switching to a cheaper grocery store.

Aldi and Lidl are often cheaper than other supermarkets.

You should also ensure that you make the most of any loyalty card programs available.

For example, if you’re a Tesco shopper, one club card can save you money on hundreds of items.

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Grocers also sell discounted groceries at certain times of the day. Check out our guide on when is the best time to buy yellow stickers.

Do you have a money problem that needs clarification? Email Next, make big changes – and buyers will not be happy

Fry Electronics Team

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