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Next retailer to issue profit warning sending a chill around the city |
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#1 |
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Join Date: Feb 2016
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Next retailer to issue profit warning sending a chill around the city
Not something the city wants to hear. Next retailer to issue profit warning of 14%.
Sterling troubles playing a big part and household inflation playing its part too. CEO calling for no hard Brexit. This is another warning to the May administration. https://www.google.ie/url?sa=t&sourc...GW_k38PRhtU-xw |
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#2 |
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Join Date: Mar 2003
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#3 |
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Join Date: Oct 2007
Posts: 13,948
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Quote:
Not something the city wants to hear. Next retailer to issue profit warning of 14%.
Sterling troubles playing a big part and household inflation playing its part too. CEO calling for no hard Brexit. This is another warning to the May administration. https://www.google.ie/url?sa=t&sourc...GW_k38PRhtU-xw |
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#4 |
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Join Date: Mar 2003
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Since when have Next's profit margins been linked entirely to Brexit?
Next buys clothes from abroad Sterling drops after Brexit Clothes cost more People can afford to buy less Next makes less profit |
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#5 |
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Join Date: Feb 2016
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Since when have Next's profit margins been linked entirely to Brexit?
Brexit, sterling and inflation all playing their part in Next troubles. |
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#6 |
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Join Date: Jul 2003
Location: Pimlico, central London, UK
Posts: 14,870
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It was the Brexit vote which collapsed sterling making it the second worst performing currency of 2016.
Brexit, sterling and inflation all playing their part in Next troubles. It's amazing that every other country doesn't seem to want to crash their currency considering its the pathway to economic boom. |
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#7 |
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Join Date: Feb 2016
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Next share price sinking by 12.8% this morning.
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#8 |
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Join Date: Apr 2009
Location: Leafy London
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The first taste of 2017.
The false glee of 2016 will be wiped off the smirking Brexit faces very quickly. We're in for a horrible time. |
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#9 |
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Join Date: Oct 2011
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The false glee of 2016 will be wiped off the smirking Brexit faces very quickly. We're in for a horrible time.
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#10 |
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Join Date: Mar 2003
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Quote:
The first taste of 2017.
The false glee of 2016 will be wiped off the smirking Brexit faces very quickly. We're in for a horrible time. |
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#11 |
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To be honest, Next have had this coming. They have been very lazy with their pricing and product range.?
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#12 |
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Join Date: Aug 2016
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But at least we have "sovrinty".
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#13 |
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Join Date: Apr 2009
Location: Leafy London
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To be honest, Next have had this coming. They have been very lazy with their pricing and product range.?
We'll see what happens when the other retailers report. Perhaps they've all been "lazy". What nonsense. Next are one of the sharpest operators on the block. One of very, very few who were in favour of Brexit, ironically. |
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#14 |
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Join Date: Apr 2009
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Why are you taking that tone and spelling. What are you trying to project with that?
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#15 |
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one sentence stands out more than any other in the article:
"It reduced the upper end of profit forecasts for the current year from £845m to £825m.". well, isn't that just a kick in the neck disaster. my heart bleeds for those poor executives whose bonuses and share dividends may dip slightly. |
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#16 |
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Join Date: Oct 2011
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Quote:
one sentence stands out more than any other in the article:
"It reduced the upper end of profit forecasts for the current year from £845m to £825m.". well, isn't that just a kick in the neck disaster. my heart bleeds for those poor executives whose bonuses and share dividends may dip slightly. |
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#17 |
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Join Date: Apr 2009
Location: Leafy London
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Quote:
one sentence stands out more than any other in the article:
"It reduced the upper end of profit forecasts for the current year from £845m to £825m.". well, isn't that just a kick in the neck disaster. my heart bleeds for those poor executives whose bonuses and share dividends may dip slightly. That's a 3% contraction - any idea what the result of an equivalent contraction in the economy produces? Usual numbskull attitude - it's like banging one's head against a brick wall. |
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#18 |
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Join Date: Mar 2003
Posts: 4,518
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Quote:
one sentence stands out more than any other in the article:
"It reduced the upper end of profit forecasts for the current year from £845m to £825m.". well, isn't that just a kick in the neck disaster. my heart bleeds for those poor executives whose bonuses and share dividends may dip slightly. |
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#19 |
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Join Date: Apr 2007
Posts: 9,779
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The tone of Brexiters, who chant it like a mantra.
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#20 |
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Join Date: Apr 2009
Location: Leafy London
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I don't think you understand quite how things like this affect the economy as a whole.
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#21 |
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Join Date: Apr 2014
Posts: 10,588
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Brexiters don't understand the bare basics. That is proven with every post they make.
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#22 |
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Join Date: Jun 2003
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Why did Woolworths and BHS fail? Were there different reasons for their failure than those of Next?
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#23 |
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Why did Woolworths and BHS fail? Were there different reasons for their failure than those of Next?
Next is anything but. Wait until the rest of the retailers have reported - I predict they'll have had very poor Christmases. Next may well have done better than most. With unavoidable price rises about to hit, things can only get worse. |
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#24 |
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Join Date: Apr 2014
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Quote:
Why did Woolworths and BHS fail? Were there different reasons for their failure than those of Next?
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#25 |
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Join Date: Jun 2003
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Quote:
BHS and Woolworth were outdated businesses that did not keep up with trends and demands.
Next is anything but. Wait until the rest of the retailers have reported - I predict they'll have had very poor Christmases. Next may well have done better than most. With unavoidable price rises about to hit, things can only get worse. I have never set foot in a Next outlet and don't know anyone who has. "Next took a gamble on keeping their sales full price in the run-up to Christmas, it's what they usually do, and they usually use the sales to try and get people into the shops afterwards," said Kirsty McGregor of Drapers magazine. However, she said, that strategy did not seem to have paid off this year. "I think what we're seeing there... is an underlying move away from spending so much money on clothing and footwear. People seem to be spending more money on going out and on technology, things like that." http://www.bbc.co.uk/news/business-38497998 |
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