Next is running a Black Friday event for the first time today. This is fundamentally negative for two reasons – it highlights likely continuing weak sales performance since the 3Q IMS on 1st Nov 2017 and consequent forecast vulnerability and it is at least partly about the issues that Next has been encountering with clearing stock in its usual end-season Sales. This is fundamentally negative for its high margin model which supports its cash flow and capital re-patriation attractions.
....24 Nov 2017
First Black Friday participation and 70% price cuts negative
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First Black Friday participation and 70% price cuts negative
Next plc (NXT:LON) | 9,203 920.3 0.1% | Mkt Cap: 11,699m
- Published:
24 Nov 2017 -
Author:
Tony Shiret -
Pages:
3
Next is running a Black Friday event for the first time today. This is fundamentally negative for two reasons – it highlights likely continuing weak sales performance since the 3Q IMS on 1st Nov 2017 and consequent forecast vulnerability and it is at least partly about the issues that Next has been encountering with clearing stock in its usual end-season Sales. This is fundamentally negative for its high margin model which supports its cash flow and capital re-patriation attractions.
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