Next Cuts Sales Forecast and Warns Over Tax Rises
British retailer Next lowered its UK sales growth forecast for the second half. The company warned that potential tax increases in the upcoming budget would compound economic pressures.
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NEXT PLC lowered its second-half sales growth forecast for the United Kingdom to 2.0% from 2.8%, warning of potential tax hikes. The revision reflects mounting pressures on domestic consumer spending. Investors are recalibrating retail exposure ahead of upcoming fiscal policy announcements.
