Zalando confirmed its Q1 results late on Wednesday and also said it “expects to grow its business at double-digit rates [this year] in a fashion market that is expected to show significant negative growth”.
Next has been facing tough times and its annual results on Friday illustrated that very clearly. It expects those tough times to continue but total sales for the current financial year are predicted to rise 1%.
All eyes were on Next on Thursday as this bellwether firm for the UK retail sector turned in its interim results. And what did we get? More than a touch of gloom but also definite hope for the future added to the mix.