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Next "better placed" than others to weather Covid-19 storm

2020-04-29 14:07:00| Daily apparel & textile news and comment - from just-style.com

UK retailer Next Plc issued a bleak trading update this morning (29 April) demonstrating how the coronavirus outbreak has impacted its business so far. Product full-price sales for the period from 26 January to 25 April fell 41% and it is now anticipating a steep fall of up to 40% in full-year full-price sales, while cancelling stock it no longer needs and moving other inventory into future seasons.

Tags: to weather storm covid19

Category:Consumer Goods and Services

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