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Next remains cautious but the shares romp...and remain on sale

By Chris Bailey | Thursday 3 August 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.


Such is the current pessimism about anything to do with UK retailers that despite confirming that this financial year will see a fall in profitability of between 6.9% and 13.4%, it is perfectly logical that Next (NXT) shares should be up handsomely today.


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