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Views Article – Sharenet Wealth

Europe, Forex

Next CEO: Brexit concerns not hitting consumer confidence

July 31 (Reuters) – Next PLC:

* CEO SAYS MAY-JUNE PERFORMANCE MORE INDICATIVE OF UNDERLYING DEMAND THAN VERY STRONG JULY

* SAYS BETTER STOCK MANAGEMENT, MORE FREQUENT REPLENISHMENT HELPED DRIVE SALES

* SAYS CUSTOMERS’ EARNINGS GROWTH UNDERPINNING CONSUMER CONFIDENCE, NO SIGN OF WEAKENING ON BREXIT CONCERNS

* SAYS ACHIEVING SIGNIFICANT REDUCTIONS IN RENTS ON STORE LEASE RENEWALS

* CEO SAYS THE GOVERNMENT IS DOING THE RIGHT THING IN SERIOUSLY PREPARING FOR A NO-DEAL BREXIT

* CEO SAYS NEXT IS PREPARED FOR NO-DEAL AND WHILST NOT BEST OUTCOME, RETAILER IS READY FOR IT AND CAN’T SEE ANY SERIOUS OPERATIONAL PROBLEMS Further company coverage: (Reporting By London Bureau)


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