Industry reacts to NEXT results: “It’s doing everything investors could ask of it in a difficult retail environment”

Wes Wilkes, CEO at Net-Worth Ntwrk: “NEXT, like many businesses on the high street, understandably has a few nerves given current market conditions. It is cautious about the second quarter as it is concerned about its ability to repeat the stellar revenue generated in the same period in 2022, which was buoyed by warm weather and pent-up demand for weddings and other pandemic-deferred events.

“A more muted year-on-year second quarter is expected with a moderated forecast for lower growth, due to the headwinds facing the high street caused by stubbornly high inflation and rising interest rates.”

Industry reacts to NEXT results: “It’s doing everything investors could ask of it in a difficult retail environment”

Wes Wilkes, CEO at Net-Worth Ntwrk: “NEXT, like many businesses on the high street, understandably has a few nerves given current market conditions. It is cautious about the second quarter as it is concerned about its ability to repeat the stellar revenue generated in the same period in 2022, which was buoyed by warm weather and pent-up demand for weddings and other pandemic-deferred events.

“A more muted year-on-year second quarter is expected with a moderated forecast for lower growth, due to the headwinds facing the high street caused by stubbornly high inflation and rising interest rates.”

© 2023 IronMarket Limited. All rights reserved. | Website by Clyq