29th Oct 2014 07:18
LONDON (Alliance News) - Next PLC Wednesday lowered its full-year earnings forecasts, blaming lower sales as warm autumn weather meant consumers delayed purchases of winter clothes.
The UK fashion retailer said it expects sales growth of 6% to 8% for 2014, down from its previous forecast of growth of between 7% and 10%, and cut its full-year pretax profit forecast to between GBP750 million and GBP790 million.
Next reported third-quarter sales growth of 5.4%, with retail sales contributing 2.4% and directory sales contributing 9.7%.
By Ian Edmondson
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