Next boss underplays Christmas performance as fellow retailers brace for disappointing results
Next has today ( 5 January) labelled its performance over the crucial Christmas period as “disappointing”, blaming the warm weather for a 0.5 per cent fall in sales across its 500 high street stores. It is among the first of the high street retailers to report figures for the festive quarter, with analysts expecting its bedfellows to have experienced similar challenges.
On the back of its results – covering the period between 26 October and 24 December – Next boss Lord Simon Wolfson warned that annual pre-tax profits will be closer to £817m, which would fall into the lower end Read full story ›
Source: The Drum
