Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Next's poor autumn trading due to warm weather, not Brexit - CEO

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/19/2019 | 03:37am EST

LONDON (Reuters) - The boss of British clothing retailer Next has attributed a disappointing start to trading in the first few weeks of the autumn season to warm September weather rather than Brexit uncertainty.

"That's not just a guess," Chief Executive Simon Wolfson told Reuters, pointing out that last week when the north of England and Scotland was significantly cooler than the south, the trading performance of the two regions diverged by 10%.

"It's a continuation of the trend that we've seen for some time now - people won't buy clothing unless they actually need it. They're not going to go out and buy their winter knitwear until it gets cold," he said.

Wolfson said Next had seen no evidence that Brexit uncertainty was impacting sales of small ticket items, adding that Brexit has become: "The reach-to explanation for everything in the economy."

(Reporting by James Davey, Editing by Paul Sandle)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRITISH POUND (EUR/GBP) 0.07% 0.84164 Delayed Quote.-6.41%
NEXT 0.87% 6934 Delayed Quote.72.24%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:17pUtilities Down As Treasury Yields Hold Gains -- Utilities Roundup
DJ
05:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:15pEnbridge says Minnesota concludes no additional risk to lake from pipeline
RE
05:13pCommunications Services Down As Traders Step Back From Cyclical Sectors -- Communications Services Roundup
DJ
05:12pTech Down Ahead Of Fed, Trade Developments -- Tech Roundup
DJ
05:11pFinancials Down, But Losses Limited As Markets Remain Steady Ahead Of Fed -- Financials Roundup
DJ
05:09pConsumer Cos Up Slightly On Holiday-Sales Optimism -- Consumer Roundup
DJ
05:04pA REMEMBRANCE : The Pragmatism of Paul Volcker
DJ
04:59pHealth Care Down Amid Mixed Reactions To Cancer-Drug Acquisitions -- Health Care Roundup
DJ
Latest news "Economy & Forex"