Retailer Next cuts 2016/17 profit guidance, warns on 2018

British clothing retailer Next on Wednesday cut profit guidance for its current financial year and warned on the outlook for the next, highlighting "exceptional" levels of uncertainty in the sector. Next, which trades from about 540 shops in Britain and Ireland, from franchised stores overseas and online, has been Britain's most successful clothing retailer of the last decade but 2016 proved to be its toughest year since 2008 and its shares fell by a third. Kicking off the UK Christmas trading u