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| Next warns of lower sales growth due to warm weather | Next warns of lower sales growth due to warm weather |
| (34 minutes later) | |
| Next says the recent warm weather has slowed sales growth and adds it might have to cut its profit forecast if the warm spell continues. | Next says the recent warm weather has slowed sales growth and adds it might have to cut its profit forecast if the warm spell continues. |
| The High Street fashion chain blamed September's "unseasonably warm weather" for reducing third quarter sales growth to 6% from its expectations of 10%. | The High Street fashion chain blamed September's "unseasonably warm weather" for reducing third quarter sales growth to 6% from its expectations of 10%. |
| And if the warm weather continued throughout October, Next said its full-year profits could be hit. | And if the warm weather continued throughout October, Next said its full-year profits could be hit. |
| It is currently forecasting profits of between £775m and £815m for the year. | It is currently forecasting profits of between £775m and £815m for the year. |
| "Cooler weather in August resulted in several very strong weeks. However, warmer weather in the more important month of September has had the reverse effect," Next said. | |
| The retailer said it would issue another management statement on 29 October. | |
| The unusually warm weather this month means shoppers have been delaying purchases of winter clothing. | |
| On 19 September, department store group John Lewis reported a drop in weekly sales, citing the milder weather as a factor in falling clothes sales. |