July 29, 2020 / 6:13 AM / 7 days ago

UK retailer Next's Q2 sales decline by better-than-expected 28%

LONDON, July 29 (Reuters) - Next said its full-price sales in the second quarter declined by a 28%, a much better result than it expected at the height of the COVID-19 pandemic, allowing it to forecast full-year profit of about 195 million pounds ($252 million).

"Warehouse capacity has come back faster than we had planned, and store sales have been more robust than anticipated," the British fashion retailer said on Wednesday. ($1 = 0.7739 pounds) (Reporting by Paul Sandle; editing by Guy Faulconbridge)

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