Two big brokers have issued bearish notes on Next, fuelled by concerns ranging from the impact of price rises to management continuity and strategy.ING initiated coverage last week with a sell note, just days after Credit Suisse cut its forecasts.Discretionary demand for mid-market clothing and gross margin pressure were among factors that unsettled ING analyst Peter Brockwell.He warned: “Next is heavily exposed to the UK w
17 April 2009
Brokers cut forecasts over concern for Next
Two big brokers have issued bearish notes on Next, fuelled by concerns ranging from the impact of price rises to management continuity and strategy.ING initiated coverage last week with a sell note, just days after Credit Suisse cut its forecasts.Discretionary demand for mid-market clothing and gross margin pressure were among factors that unsettled ING analyst Peter Brockwell.He warned: “Next is heavily exposed to the UK w
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