Next PLC (NXT.L)
23 Feb 2017
LONDON British clothing retailer Next said its chairman John Barton will retire in August and be succeeded by Michael Roney.
LONDON Debenhams , Britain's No.2 department store chain, grew sales over its Christmas trading period, as customers bought more make-up, fragrances and lingerie, showing a strategy to shift away from fashion sales was working.
Britain's three quoted major supermarkets are expected to report this week that they enjoyed solid Christmas trading, though investor concern about a potential squeeze on consumer spending in 2017 means the focus is on their outlooks.
LONDON The worst start to a trading year for Next PLC shares since 1991 underscores the plight of mid-tier UK retailers hit by a combination of fierce online competition and higher costs driven by a weaker pound.
LONDON Next cut its profit forecast for the current financial year after a poor Christmas and warned of a further decline in 2017-18, sending shockwaves through Britain's clothing sector as the most successful performer of the last decade faltered. | Video
(This January 3 story corrects first paragraph to say 'Next Plc', instead of 'Next Inc')
BERLIN/LONDON Heavy discounts on debt issued by some big UK retailers reflect growing commercial pressure after Britain's vote to leave the European Union and ahead of the crucial Christmas trading period. | Video
* House of Fraser bonds join New Look and Matalan in risk zone
LONDON British clothing retailer Next said on Wednesday trading prospects would be tough next year after reporting another dip in quarterly sales, forcing the company to rely on further cost savings to maintain its full-year profit forecast.
LONDON Britain's consumer environment is likely to remain difficult in 2017 as inflation kicks in and real earnings are squeezed, the boss of clothing retailer Next said on Wednesday.
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