Next Expects Annual Sales Growth To Range From -3.5% To 3.5%.

Britain has been most successful in the past ten years.

Retailer Next PLC (NXT.L) lowered the revenue and profit expectations of the current 2017 fiscal year for the second time in a month and a half, and Next PLC (NXT.L) today rebounded sharply after 1.59% weeks to 4900 pence after 52 weeks low, showing a sharp rise of 4.7%, indicating that investors think the situation is not as good as expected.

Next PLC now expects annual sales growth to range from -3.5% to 3.5%, which was expected to be -1% to 4%, initially estimated at 1% to 6%.

The group said the expected downgrade was based on concerns that domestic consumption could further slow down and the market's overall demand for clothing fell.

The group revealed that the unusual cold weather in 3 and April caused the new listing.

Weak demand and worse Easter holidays led to Next in the first quarter of May 2nd.

Full price sales fell 0.9% year-on-year, less than zero expected growth expected by the market.

Among them, more than 700 stores sold Next retail sales, a decline of 4.7%, far less than the market forecast of 1.6% decline, while online and directory business Next Directory Directory growth of 4.2%.

The group pointed out that during the period, clothing was mainly unsalable, and the sales of furniture and furniture were not increased by 7%.

Next PLC said in the earnings report that sales are likely to continue to deteriorate, because sales have improved significantly over the past few days as temperatures rise.

"There is no doubt that the weather and the economy have played a counterproductive role," Simon Wolfson, the group's chief executive, said at a conference call after the earnings report. He pointed out that after waiting for the weather to improve, the data will be able to determine the impact of the weather and high street consumer sentiment on sales decline.

He also gave a negative answer to analysts' questions about the existence of the group's own management problems.

Some analysts believe that Simon Wolfson has been using the weather and the economy as an excuse to cover up its own problems, such as the slow growth of the group's online and directory business Next Directory, and the lack of investment in mobile shopping technology.

Simon Wolfson rebutted that the mobile website has been successful since it was re launched in March, and the product supply problem of Next Directory has been improved in the past few weeks.

In March, retail sales fell by 1.3% in the UK, the worst month in the past four years, while retail prices fell by 3%.

Richard Lim, chief executive of Reail Economics, said Britain's weakness in Europe, weakness in the labour market and stagnation in wage growth all suppressed consumer confidence.

Next PLC also reduced the annual pre tax profit from 7.84-8.58 billion to 7.48-8.52 billion, which means that it will drop 8.9% to 3.7% compared with 821 million 300 thousand in fiscal year 2016, with a market expectation of 829 million pounds.

After the first cut in March 24th, shares of Next PLC (NXT.L) fell more than 15% on the same day, the biggest single day decline since 1998.

At that time, the group said, "this year is likely to be the most difficult year since 2008". Simon Wolfson also pointed out that the current situation shows that consumer spending is not as good as last year.

At the time of the deadline, the Next PLC (NXT.L) rose to 5.97% in London and reported 5275 pence.

The stock's total decline has reached 28.4% so far in 2016.