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Next expected to report further sales drop

Next is expected to announce another fall in sales on Wednesday, as trading conditions continue to be tough on the high street.




The retail stalwart previously reported a 0.9% drop in sales to April 30.

Simon Irwin, an analyst at Credit Suisse, has predicted a sales decline of 0.4%, while Tony Shiret, analyst at the stockbroker Haitong Securities, expects a fall of 1.5% for the three months to July 31, according to The Sunday Times.

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