Where are embattled British consumers spending their money?

Shoppers walk along Oxford Street in London

When Next’s chief executive warned in March that soaring inflation and stagnant sales would result in a “challenging” year ahead, City took notice. Shares of the top-tier leader fell nearly 8 percent following the earnings warning and comments by Lord Simon Wolfson, who is honored as the longest-serving boss of the FTSE 100. But the … Read more