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Next blames warm weather, lack of stock and increasing competition online for a poor Christmas sales performance

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The overall performance for full-price brand sales across stores and Directory were 0.4 per cent higher for the 60 days to Christmas Eve - a sharp slowdown on the 3.3 per cent growth seen in its half-year to July. This has left sales for the year to date up 3.7 per cent, running below previous guidance.

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