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Unseasonably warm weather in October meant sales for UK fashion retailer Next Plc
didn't meet its third-quarter expectations, pushing its share price down in early morning
trading.
The founders of British leisurewear brand Cotton Traders are looking to expand into new
markets and develop the business's online presence after buying back a 33% stake held by
Next Plc.
UK fashion retailer Next Plc saw its share price fall 4.1% this morning (30 September)
after warmer weather led to lower-than-expected third-quarter sales growth.
Clothing and shoes to gain from click & collect18 Sep 2014
Katie Smith
Clothing and footwear is expected to take the lion's share of the significant growth
expected in 'click & collect' sales in the UK over the next five years.
UK fashion apparel retailer Next Plc has booked a double-digit increase in first-half
profit, thanks to what it described as its "strongest sales growth for many years".
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A number of retailers were last week forced to respond to allegations of "forced labour"
among female textile workers in mills in southern India, with H&M blacklisting one of
the five named.
US retailers ramped up stocks for the start of the back-to-school season in July, pushing
apparel imports for the month up by 13.4%, according to the latest data. But while China
and Vietnam were the biggest beneficiaries of these gains, shipments from Bangladesh,
Indonesia and Cambodia tumbled.
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