LONDON, April 29 (Reuters) - British clothing retailer Next
said on Wednesday total product sales in its latest
quarter crashed 41%, reflecting the closure of all its stores in
the coronavirus lockdown and the temporary shutdown of its
online operations.
Next said store sales plunged 52% in the 13 weeks to April
25, its fiscal first quarter, while online sales were down 32%.
The group said the fall off in sales to date was faster and
steeper than anticipated in its March stress test and it was now
modelling lower sales for both the first and second half of the
year.
(Reporting by James Davey; editing by Sarah Young)
Next (NXT)
