date:Dec 23, 2013
o have back-fired as a result of the milder than expected weather over the last two months, he said.
On Friday he downgraded his 2013-14 pretax profit forecast to 630 million pounds from 645 million pounds, retained his 'sell' rating and cut his price target to 425 pence from 445 pence.
Only a few UK clothing retailers, such as Next and SuperGroup, which have longstanding policies of not going on sale before Christmas, have refrained from price cuts.