Finance

Next suffers additional £40m property hit as it forecasts store closures until end of March

By 2021-01-05T08:41:00

Next superstore

Source: GDFL/Creative Commons

High street fashion stalwart Next has increased its property impairment costs to almost £100m, as stores across the UK shut again due to the third national lockdown since the Covid-19 pandemic hit.

The retailer also warned that it expected stores to be shuttered until the end of March, despite the latest lockdown, announced by Prime Minister Boris Johnson last night, being set for review in mid-February.

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