Fashion retailer says it needs to improve or 2016 will be like ‘walking up the down escalator’ given economic uncertainty and weaker consumer speningFashion retailer Next has warned that 2016 could be like “walking up the down escalator”,predicting its toughest trading conditions since the financial crisis and cutting its forecast for annual sales.
Reporting its annual results on Thursday, Next said it faced economic uncertainty, or a weaker outlook for consumer spending,and also had to improve its own operations including its directory catalogue trade, where sales growth is slowing.
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Source: theguardian.com