Retail analysts are predicting a drop in sales when Next posts its second quarter update this week, after recording a worse-than-expected first quarter earlier.
Analysts at Deutsche Bank expect to see a 2.9 per cent fall in overall sales when Next releases its second quarter trading report on Thursday, according to The Sunday Times.
City AM reported that analysts at Investec predicted a similar drop.
Investec also predicted Next’s retail sales could drop by 8.8 per cent.
However, its expectations on online sales were brighter, with predictions of 5.2 per cent growth.
Next had a worse-than-expected first quarter, recording a three per cent dip in total full-price sales and an 8.1 per cent decline in retail sales.
Often regarded as the bellwether of fashion retail in the UK, Next’s trading updates often has a domino effect on the stock market.