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Next retailer to issue profit warning sending a chill around the city |
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#101 |
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Join Date: Mar 2006
Posts: 1,019
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Quote:
Superdry I believe are British.
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#102 |
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Join Date: Feb 2016
Posts: 1,210
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Well Next had a stinker of a day on the markets, investors clearly noy happy.
Finished down 13.25% in trading. |
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#103 |
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Join Date: Aug 2016
Posts: 1,000
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Quote:
Well Next had a stinker of a day on the markets, investors clearly noy happy.
Finished down 13.25% in trading. It's just your average clothing store selling massed produced clothing from China. |
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#104 |
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Join Date: Jan 2003
Location: London SW6
Posts: 37,469
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Next are the tesco of clothes retailers. Nothing special about them and for people to equate next with quality is laughable.
It's just your average clothing store selling massed produced clothing from China. |
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#105 |
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Join Date: Dec 2004
Location: Central London
Posts: 43,666
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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 http://uk.mobile.reuters.com/article/idUKKBN14O0JN |
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#106 |
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Join Date: Aug 2016
Posts: 1,000
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Quote:
But as the Tesco of clothes retailers are taken as a bellwether for high street retail.
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#107 |
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Join Date: Feb 2016
Posts: 1,210
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Next share price down again this morning after plummeting yesterday with M&S and Debenhams expected to issue profit warnings. Weak sterling and inflation post Brexit not helping things.
https://www.google.ie/url?sa=t&sourc...jtvfnGP_UlkifA |
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#108 |
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Join Date: Feb 2011
Posts: 25,196
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I think we also have to remember this from last year and not just about next. https://www.google.co.uk/url?sa=t&rc...K1MOmgEhaNcTuA. Britain’s retailers have suffered the biggest fall in spending on clothes and shoes for 25 years, as consumers increasingly allocate their spare cash to leisure activities and eating out instead.
According to official figures, clothing and shoe shop sales fell 3.4% in February, which was the sixth consecutive month of decline, and marked the longest run of falling sales since October 1991. |
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#109 |
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Forum Member
Join Date: Aug 2008
Location: London
Posts: 2,245
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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 to include Costa Coffee |
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#110 |
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Join Date: Jul 2007
Posts: 5,173
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Next opened a shop not far from me about a year ago and like most I use it as a shortcut through to the shopping centre. You don't see many people actually looking at the clothes let alone queueing up at the checkouts. I have looked at a few things but I'm not buying bog standard stuff at their prices. Maybe that could have something to do with it?
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