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Britain's Next could give formal profit alert - Sky News

Tue, 03rd Jan 2017 19:48

Jan 3 (Reuters) - British clothing retailer Next Inc could give a formal profit warming for its 2017 financial yearin its fourth-quarter trading update, Sky News reported, citinga source. http://bit.ly/2iM9FsD

A spokeswoman for the company said Next would report itsquarterly trading update on Wednesday as scheduled withoutproviding further details.

The retailer was downbeat about prospects for 2017 when itreported its quarterly results in November.

In November, the company projected full-price sales for itsyear to January 2017 in a range of down 1.75 percent to up 1.25percent.

(Reporting by Vishal Sridhar in Bengaluru; editing by SusanThomas)

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