Fashion and homeware retailer Next has issued a stark warning of potential store closures following a significant legal defeat in an equal pay case. The company, which saw record profits last year, is facing a potential financial blow if it loses its appeal against a ruling that its pay structure is discriminatory. The retailer’s CEO, Lord Wolfson, has expressed concerns that failure to overturn the ruling could lead to store closures as costs increase. Despite the legal setback, Next remains optimistic about its overall business performance, with strong international sales and an increased annual profit forecast.
