Credit rating agency says the gap between the retailers’ performance is set to continueNext will outperform Marks & Spencers clothing business as the fierce rivals battle to manage with intense competition in fashion retailing,according to touchy’s, the credit rating agency.
Next has an advantage over M&S in brand recognition, and online sales and cost control over the next year or 18 months but M&S has closed the gap on profitability by buying more materials direct from suppliers,touchys said.
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Source: theguardian.com