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Next Annual Sales and Profits Fall Again!

Next's annual sales and profits at its High Street stores have continued their fall of recent years, while its online business continues to grow.

Sales in Next's stores fell nearly 8% last year to £1.95bn, while online sales rose by 14.7% to £1.92bn.

It said online was a “long-term threat” to its High Street business, but a “larger opportunity” for the group.

The retailer also said it could see “no evidence” that Brexit uncertainty was affecting consumer behaviour.

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