Property News · March 24, 2017

What next for Next? Decline, if it comes, should still be profitable | Nils Pratley


After a near-halving in retailer’s stock market value over 16 months, there’s a fair argument that the gloom is in the pricePanic over for Next shareholders? It’s too soon to sound the all-clear since a steeper decline in profits than last year’s 4% fall to £790m is very possible this time. Chief executive Lord Wolfson also has a longer list of grumbles than usual: inflation, currencies, the squeeze on real incomes and consumers’ new love of entertainment over “stuff”. For the time being, he won’t risk a penny of shareholders’ funds on share buy-backs in case the retailing weather turns nastier. Continue reading…

Source : theguardian.com
Read more…What next for Next? Decline, if it comes, should still be profitable | Nils Pratley

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