UK retailer Next says can sustain 1-billion-pound coronavirus sales hit
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LONDON (Reuters) - British clothing retailer Next said on Thursday it could sustain a hit from coronavirus of more than 1 billion pounds, or 25% of annual sales, without exceeding its debt and bank facilities.The group, which has about 700 stores, with about 500 of those in Britain and Ireland, and also operates its online Directory and catalogue business, said uncertainty around the scale, timing and impact of the pandemic means it is impossible to give meaningful guidance for profit in..