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Next warns on profits as cold weather hits clothing sales Retailer Next has warned that full-year profits could take a hit after sales for the first quarter...

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The company also said the lacklustre figures could indicate a wider slowdown in consumer spending. "The poor performance of the last six weeks may be indicative of weaker underlying demand for clothing and potentially wider slowdown in consumer spending," Next said. Sales at the Next Directory catalogue business also slowed, coming in at 4.

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