Next Brings Cheer to U.K. Retailers

The transcript discusses the performance of High Street sales, noting a modest increase and the impact of Christmas timing. It highlights a renewed interest in fashion, with consumers shifting back to spending on clothing. The discussion also covers Brexit-related cost issues, suggesting a potential decrease in inflation but stagnant wages. The digital transformation in retail is emphasized, with Next's online sales showing significant growth, indicating a shift towards e-commerce.

What changes in consumer spending habits are mentioned in the text?

How has Next's online business performed compared to its retail business?