Next closes online operations to let all workers isolate


Next PLC (LON:NXT) dropped on Friday after announcing it will not take any more online orders until further notice.

The FTSE 100 fashion retailer said workers in the warehousing and distribution operations “increasingly feel they should be at home in the current climate”.

READ: Next “could sustain the loss” of 25% annual sales, delays dividend

All operations relating to online orders are now temporarily closed, same as the stores closed earlier this week to comply with coronavirus prevention measures.

Analysts at ShoreCap put the ‘hold’ recommendation under review as said online represents 50% of total sales, and has been “the fastest growing area of the business” with a 12% increase in the last financial year.

Shares dropped 7% to 4,207.9p on Friday morning.

–Adds analyst’s comment, shares–


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