Fears for Next as profits dip and retailer predicts MORE decline as high street struggles

Retail giant Next has posted a dip in annual profits and forecast a further decline over the year ahead as it said high street trading will remain "challenging". The clothing chain reported pre-tax profits falling 0.4 percent to £722.9 million for the year to the end of January, with high street sales tumbling by 7.9 percent.

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