Retailer Next sees share price tank on closure of online sales channel

Next is the latest in a number of retailers are having to scale back or halt their online activities to try to safeguard their workers’ health.

Shares in clothing retailer Next tumbled by over 10% after it bowed to pressure from workers worried about their health and shut its online business, cutting off its remaining source of revenue during the coronavirus outbreak.

Rival British retailer Marks and Spencer has taken a different tack, maintaining its online operations and citing UK government advice that people should use home delivery services to avoid going out if possible.