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No respite for Next
Thursday 23 March
Expectations are subdued ahead of hard-pressed clothing retailer Next’s (NXT) full year results (23 Mar). Commentary on the recent performance of the retail and directory businesses, as well as the outlook for costs, will be closely scrutinised by analysts. Next kicked off the festive retail reporting season with a worse-than-expected fourth quarter update (4 Jan), CEO Simon Wolfson downgrading profit forecasts again and warning the cyclical slowdown in clothing and footwear spend would continue into 2017.