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Next Shares Fall on Store Weakness Despite Web Growth, Guidance

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Shares of U.K. apparel chain Next Plc fell as its third-quarter retail sales missed estimates, though growth in its online business helped it to maintain its full-year profit guidance. Retail sales were down 8 percent, compared with the 6.1 percent decline projected in a consensus compiled by Bloomberg. Online sales rose 13 percent, beating estimates…

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