Retailer Next PLC says Brexit makes it difficult to make business predictions

Next PLC
(Vytautas Kielaitis / Shutterstock.com)

In its January 2019 trading statement, retailer Next PLC said that Brexit uncertainty is making it difficult to make business predictions. Anna Tobin reports

Retailer Next PLC has said that any sales forecast made in January comes with a high degree of uncertainty. “This year uncertainty around the performance of the UK economy after Brexit makes forecasting particularly difficult. We have not factored into our sales estimates the potential benefits of a smooth transition or the downsides of a disorderly Brexit.” The group anticipates profits to be £715 million, a drop of 1% on the profit forecast for this financial year.

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