Next sales down 3.9%
Last updated 11:40, Thursday, 08 May 2008
NEXT, the clothing and housewares retailer, announced first quarter results this morning which reflected the current weak consumer spending.
Sales during the first quarter dropped 3.9 per cent compared to the same period the year before. The company stated that its internal forecasts are closely in line with market consensus but warned that it remained cautious in its outlook. Shares rose 42p to 1270p in early trading.
Unilever, which owns brands such as Dove, PG Tips and Vaseline, also announced first quarter figures today after which shares rose 4.27 per cent to 1733p as sales and operating margins increased more than analysts’ expectations.
More Business
Have your say
- Anger at early start for school holidays
- Public give views on eco-village proposal
- 3,000-name petition over problem layby
- Crisis talks in city to salvage airport plan
- Leave us smokers alone, trim your expenses and fix the holes in the road
- Sex clinic gives condoms out to 13-year-olds
- Vandals knock over headstones in city graveyard
- Tackling accidents, booze and cigs are priorities
- Hespin Wood choice for new waste plant
- Hostel plan for women and children supported
