Next issues profit warning as cold weather bites
Next, the Enderby-based clothes and homewares retailer, has issued a profit warning this morning (4th May), blaming cold weather over Easter for a drop in sales.
Group sales declined by 0.9% from 31 January to Monday 2 May, with Next's high street stores faring worst after seeing a plunge of 4.7%.
Next said that much colder weather in March and April reduced demand for clothing, particularly over the Easter holiday period, which was unusually warm last year.
In the same period Next's Home and furniture full price sales, which are ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
