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Next! Profit warning ahoy…

By Chris Bailey of Financial Orbit | Wednesday 4 January 2017

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I cannot remember the last time I set foot in a Next (NXT) shop, but then I am not really much of a shopper. It seems I am not alone as in a trading update today Next mused that in the year up to and including Christmas Eve full price sales were down -1.1% on last year.

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