As Next upped its profit guidance again, on the same day JD Sports issued a profit warning. Retail Week explores the differentiating factors between the two
On the same day Next upped its full-year profit guidance for the fifth time in the past eight months to Ā£905m, JD Sports issued a profit warning and lowered its forecast from Ā£1.04bn to between Ā£915m and Ā£935m. The sports giant blamed the āmilder weatherā and ācautiousā consumer spend for sales growth falling behind expectations.
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