Next's recent legal loss could result in over £30 million in costs and store closures, significantly affecting the profitability of several locations.
The employment tribunal ruled in favor of 3,540 female employees, highlighting the potential for similar claims against other retailers, including an ongoing case with Asda.
Next warned that if the ruling is upheld, the increased operating costs could force some stores to close, affecting the viability of the business overall.
Lord Wolfson emphasized that decisions on store openings or closures will depend on profitability, amidst concerns about rising costs and declining sales in retail.
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