UK: Next Has Tough Xmas, Profits On Track
Leading UK clothing chain Next on Wednesday reported gloomy festive sales but said it expects full-year profits to at least match analysts' forecasts. Christmas full price sales slipped 0.8 per cent as shoppers kept hold of their cash but ame-store sales for the 23 weeks to January 4 climbed 1.7 per cent and total retail sales were up 12.4 per cent year-on-year.
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