Full price sales were down by 3.5% in the Q3 to end October bringing the year-to-date performance to -1.5%. Next retail slipped by 5.9% while the directory maintained flat sales in the quarter. The unusual weather conditions weakened the momentum in August and September, dropping by 7% and 5% respectively, which led to much larger markdowns. Full price sales in October showed some signs of recovery edging up by 1.3%. Year-to-date, total sales are up by 0.4% boosted by the outperformance of di
02 Nov 2016
The weakest quarter in the past nine months
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The weakest quarter in the past nine months
Next plc (NXT:LON) | 8,782 -6147.4 (-0.8%) | Mkt Cap: 11,164m
- Published:
02 Nov 2016 -
Author:
Rim BEN SALAH -
Pages:
2
Full price sales were down by 3.5% in the Q3 to end October bringing the year-to-date performance to -1.5%. Next retail slipped by 5.9% while the directory maintained flat sales in the quarter. The unusual weather conditions weakened the momentum in August and September, dropping by 7% and 5% respectively, which led to much larger markdowns. Full price sales in October showed some signs of recovery edging up by 1.3%. Year-to-date, total sales are up by 0.4% boosted by the outperformance of di