LONDON, Jan 3 (Reuters) - The boss of British clothing
retailer Next does not think last month's decisive
election result, which saw Prime Minister Boris Johnson's
Conservatives secure a big majority, will necessarily mean an
improved consumer environment in 2020.
"In the year just gone people hugely exaggerated the effect
of political turmoil on the consumer. Our observation was the
news flow made very little difference to consumer sales in our
sector at our price point," Next Chief Executive Simon Wolfson
told Reuters.
"So I'm not expecting the improvement in the political
environment to necessarily flow through into an improved
consumer environment," he said after the retailer published a
better-than-expected Christmas trading update.
(Reporting by James Davey, Editing by Paul Sandle)
Next (NXT)