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Next's change of plan tells you more than romping markets...

By Chris Bailey | Friday 27 March 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.


Just over a week ago, I highlighted the depth of the corporate plan unveiled by clothing retail behemoth Next (NXT) in response to the coronavirus challenges. It is always better to have a plan than not and Next was particularly strong in highlighting a range of potential scenarios including - in the most pessimistic scenario - a 100% fall in sales over the next few upcoming weeks. Well that may be coming to pass…

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