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UK retailer Next says can weather coronavirus storm

Reuters - UK Focus

LONDON, March 19 (Reuters) - British clothing retailer Next said on Thursday the industry was facing a crisis that is unprecedented in living memory, but believes that its balance sheet and margins will help it weather the storm.

The group said it has no experience of a similar crisis so there is no way of predicting the extent that the effect coronavirus will have on its retail and online sales. (Reporting by James Davey; editing by Kate Holton)