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* Impossible to give 2020-21 guidance* Preparing for significant downturn in sales* Sales down 30% March 15-17 (Adds detail, CEO quotes, shares)LONDON, March 19 (Reuters) - British clothing retailer Next said on Thursday it could sustain a hit from...
Read more(Adds detail)LONDON, March 19 (Reuters) - British clothing retailer Next said on Thursday the industry faced an unprecedented crisis due to coronavirus outbreak but said its balance sheet and margins would help it weather the storm.The group, whic...
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LONDON MARKET PRE-OPEN: Covid-19 Batters Burberry But Boosts Ocado
Read moreLONDON, March 19 (Reuters) - British clothing retailer Next said on Thursday the industry was facing a crisis that is unprecedented in living memory, but believes that its balance sheet and margins will help it weather the storm.The group said it ...
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(Sharecast News) - Next boss Simon Wolfson called on the government to help pay wages for shopworkers whose stores are forced to close as the retailer said it was prepared to lose up to £1bn in annual sales because of the coronavirus pandemic.
Read more* 74 Primark stores in Italy, France, Spain, Austria closed* Sales in rest of Primark estate down over last two weeks* Other businesses not impacted materially by virus* Shares down 11.6%, rivals' share prices also lower (Adds detail, FD comment)By ...
Read more(Sharecast News) - Citi upgraded its stance on shares of Next to 'neutral' from 'sell' on Friday as it said the retailer is "well placed" to cope with the impact of the coronavirus.
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Read moreWalker Greenbank's Scion Inks Licensing Pact With Retailer Next
Read more(Sharecast News) - Retailers are reporting increasing supply chain disruptions on the back of the coronavirus outbreak, a survey published on Wednesday found.
Read more* Risk of supply shortages on some lines in year 2019-20* May seek extra production from suppliers in other regions* Full year 2019-20 guidance unchanged* AB Foods shares down 2%* Shares in Next, M&S also lower (Adds detail, finance chief comments, ...
Read more* STOXX and DAX hit fresh highs* Markets take comfort from slowing coronavirus infection rate* ABN Amro down sharply after Q4 profit miss* Wall Street hits another record Welcome to the home for real-time coverage of European equity markets brought ...
Read more* STOXX and DAX hit fresh record highs* Markets take comfort from slowing coronavirus infection rate* ABN Amro down sharply after Q4 profit miss* Wall Street set for higher open Welcome to the home for real-time coverage of European equity markets b...
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