Next posts 41 percent decline in Q1 sales

Next Plc has witnessed a sharp decline in full-price sales over the first quarter due to the impact of ongoing coronavirus pandemic. The company said in a statement that retail sales declined 52 percent, while online sales were down 32 percent for the period to April 25, 2020. The company added that product full-price sales dropped 41 percent, while total full price sales saw a decline of 38 percent. Next said that in the three days before stores closed on March 23, retail sales were down 86 percent.