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UK retailer Next's Q2 sales decline by better-than-expected 28%

Wed, 29th Jul 2020 07:11

LONDON, July 29 (Reuters) - Next said its full-price
sales in the second quarter declined by a 28%, a much better
result than it expected at the height of the COVID-19 pandemic,
allowing it to forecast full-year profit of about 195 million
pounds ($252 million).

"Warehouse capacity has come back faster than we had
planned, and store sales have been more robust than
anticipated," the British fashion retailer said on Wednesday.
($1 = 0.7739 pounds)
(Reporting by Paul Sandle; editing by Guy Faulconbridge)

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