The fashion retailing giant has appointed agents to offload its HQ as it fortifies its balance sheet, Sky News learns.
The retailer added that it had modelled several"stress scenarios", the most extreme of which was a £1bn fall in sales - equivalent to a quarter of its annual revenues.
Rival chains have been wrestling with the question of whether to follow Next's example in closing its logistics operations for the duration of the COVID-19 crisis.Sky News revealed this week that the British Retail Consortium was proposing a blueprint to ensure that warehouse staff were adequately protected in line with the government's social distancing guidelines.
Trade unions have accused retailers including ASOS, Matalan and Marks & Spencer of putting employees' health at risk by forcing them to work too closely together.
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