Fashion and homeware chain Next is to raise prices by up to 8% in some countries outside Europe as it anticipates millions of pounds in extra costs from the US-Israel war with Iran.
The retailer said it is facing an additional £47m in costs this year due to higher fuel prices and disruption to global supply chains from the Middle East conflict.
It said it would look to hike prices in some international countries from May, but said efforts to make cost savings would mean it does not need to push through extra price increases in the UK and Europe.
Its forecast is based on the assumption that fuel costs remain around their current level, and supply chain issues neither worsen nor improve.
Fuel prices skyrocketed following the outbreak of war in the Middle East in late February, as the Strait of Hormuz, one of the world's key shipping lanes, remains effectively closed.
