Fashion chain Next to unwrap Xmas sales

Vogue chain Subsequent set to make clear how Britain’s squeezed customers shopped over ChristmasBy Daily Mail City & Finance Reporter Revealed: 16:50 EST, 1 January 2023 | Up to date: 16:50 EST, 1 January 2023

Spending squeeze: Subsequent has pencilled in a year-on-year gross sales decline of two per centFashion chain Subsequent will this week make clear how Britain’s squeezed customers shopped over Christmas. Thursday’s buying and selling replace ought to present clues about how the broader sector carried out. Lord Wolfson, Subsequent’s chief govt, has predicted that customers have been probably to attract of their spending. The corporate has pencilled in a year-on-year gross sales decline of two per cent for the yr to January. Greggs, the bakery chain, will ship its replace on Friday adopted subsequent week by Marks & Spencer and a slew of different retailers. Analysts at AJ Bell mentioned Subsequent was usually slower than others to mark down its items after the Christmas rush however this yr went dwell with gross sales on Christmas Eve. That advised the agency is ‘not proof against the squeeze on customers’ pockets by the price of dwelling disaster’. 
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