The road to recovery was never going to be easy, so perhaps it’s no surprise to see Next (NXT) shares lose some of their recent momentum. A third-quarter update revealed some positives: Directory sales rose 13.2 per cent, while sales of full-price items also rose 1.3 per cent – a continued improvement on the second-quarter growth rate of 0.7 per cent. But sales patterns remain extremely volatile, and full-price product did start to struggle towards the end of the period.
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Management also warned that the group faces harsher comparative figures in the final quarter due to a strong Christmas last year.