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Next (LSE NXT) 3Q19 Trading Update Continued Weakness as Store Sales Fall Further

Executive Summary

  • British fashion retailer Next reported an increase of 1.3% in total full-price sales in the 12 weeks ended October 27.
  • Next Online sales increased by 12.7% while sales in Retail declined 8.0%.
  • The company maintained its earlier guidance for FY19 and expects total full-price sales to grow at 3.0% year over year.

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