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Wednesday, 08 February 2012

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Fashion chain chief says hefty rise in clothing prices may be on the way (Guardian Unlimited) Print E-mail
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Clothing prices will rise by up to 10% next summer if the pound/dollar exchange rate stays at current levels, the boss of Next warned yesterday. Simon Wolfson, chief executive of the 480-shop chain, said the decline in the value of sterling in the past few weeks would make clothing imports more expensive and price rises would hit the fashion rails next August, when the 2009 autumn and ...
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