Next expects trading to continue to be difficult, it said as it revealed a 1.5% drop in pretax profit in the six months to the end of July.
Strong sales in July were driven by a much larger end-of-season sale, chief executive Lord Wolfson said. Full price sales were subdued and trading since then has been challenging.
The retailer warned of a likely rise in the price of its clothes due to increased costs resulting from sterling’s fall following the Brexit vote.
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