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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.

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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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