Next chief executive Lord Wolfson has said global powerhouse China offers limited opportunities for the fashion and homewares retailer and others like it.
The British fashion retailer’s CEO comment contrasts with other retail giants such as Argos, Asos and Ted Baker, who have pinpointed the region for growth. Asos boss Nick Robertson is spending two years launching a country-specific website in China, which has a growing population of more than 1.3 billion.
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(Source: Retail Week)