|Day's range||40.86 - 40.86|
|52-week range||39.84 - 51.60|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Next Plc held its profit forecast and said it can mitigate a tough U.K. clothing market by improving ranges and switching suppliers, reassuring investors worried about the retailer’s price pressures and ...
Next is the safer option even if it lost the Christmas battle.
Traditional British stores, particularly those relying on clothing, risk getting caught in no-man's land as bargain-hunting consumers find cheaper alternatives while the rising popularity of online shopping, now nearly a fifth of UK retail sales, eats into their business. Profit margins, already crimped by heavy discounting in efforts to maintain market share, now face additional headwinds as sterling weakness pushes up sourcing costs.