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Next always seems to go first in reporting what’s happening to retail sales, writes Matthew Vincent. This is perhaps nominally appropriate – and moderately helpful to rivals. In early January 2017, the clothing chain was first to forewarn that rising inflation would hit consumer spending – knocking £948m off its own market capitalisation, but making it easier for Marks & Spencer and others to break their own bad news later on. In 2018, however, it may be easier to be Next than next.

Continue reading: FT Opening Quote – Christmas chill warms Next sales

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