Retailer Next has warned that sales
and profits could be lower than previously forecast due to a potential
slowdown in consumer spending.

as it said total sales in the three months to 2 May were down 0.2% from a year earlier, while full price sales were 0.9% lower.
Next blamed colder weather in March and April which hit demand for clothing.
The retailer said it now expected full-price sales for 2016 to range between a 3.5% fall and a 3.5% rise.
That was wider than its previous range of between a 1% fall and a 4% rise.
"We
believe it is unlikely (but possible) that sales will deteriorate
further, and we have seen a significant improvement over the last few
days as temperatures have risen," the company said.
"However, the
poor performance of the last six weeks may be indicative of weaker
underlying demand for clothing and a potentially wider slowdown in
consumer spending."
It is the third time Next has downgraded its annual sales guidance in five months.
Next
also widened and lowered the range of its full-year profit forecast to
between £748m and £852m, compared with the previous forecast issued in
March of between £784m and £858m.
In March,
Next warned 2016 would be a "challenging year" for its business, saying
the year ahead "may well be the toughest we have faced since 2008".
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