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Next chairman tops up

The clothing chain had a better Christmas than analysts' had feared, but can the good times continue to roll?
Next chairman tops up

Of the Christmas retail trading updates currently flooding the market, numbers from clothing chain Next (NXT) were, in fact, a pleasant surprise. Even though management saw it prudent to revise down full-year profit expectations by 0.6 per cent following higher sales of lower-margin, seasonal products and taking into account increased costs associated with online growth, the overall picture was better than feared.

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