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Next (LSE:NXT) Holiday 2018 Trading Update: Very Weak In-Store Sales; Online Sales Continue to Grow Strongly

Executive Summary

  • British fashion retailer Next reported an increase of 1.5% in total full-price sales for the holiday period from October 28 to December 29, beating the consensus estimate of 0.4%.
  • Strong online sales growth was partly offset by falling in-store sales.
  • For FY19, the company maintained its guidance for full-price sales growth of 3.2% but lowered its profit guidance.

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