Next warns of ‘volatile’ trading head of key Christmas season


The order notched up a 1.3 per cent sales rise in the three months to October 29 but saw a 7.7 per cent drop across its high-street shops and said trading was «highly dependent» on the climate ailing. A 13.2 per cent jump in sales at its directory arm helped to push all-embracing sales higher. Including discounts, total sales rose by 0.8 per cent in the phase of the moon.

Chief executive Lord Wolfson told reporters that careful consumers were buying only «as and when they need».

The gang said that this was making it hard to forecast sales on of key Christmas trading.

In the City, UBS analyst Andrew Hughes is remaining socialize on Next, keeping the bank’s “buy” rating and price target of £50 a interest.

He said: «We retain our pre-tax profit forecast of £725 million, although the biggest oscillation factor remains the weather.»

The warm October weather meant that winter apparel is still on the shelves. A possible interest rate rise today by the Bank of England would also from shoppers from splashing the cash.

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