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Brexit backer warns of higher clothes prices at Next due to sterling slump

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Next estimated that importing clothes from overseas suppliers will raise costs in the year to the end of January 2018 by up to 5pc. The comments came as Next posted another fall in full-price sales at its main street stores - down 3.3pc for its retail shops in the second quarter to the end of July, while its Next Directory arm saw sales rise 5.

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