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		</div><p>Retail giant Next revealed further trading woes as it said its high street sales fell 5.9% in the third quarter.</p>
<p>The fashion chain said full-price sales slumped as much as 7% in August in the wake of a large end-of-season sale the month before.</p>
<p>But the group, which had already warned over a &#8220;difficult&#8221; third quarter, said trading had improved since September, with full-price sales rising by 1.3% in October.</p>
<p>Overall sales across its stores and Next Directory arm fell 3.5% in the three months to October 31, with sales flat across the online and catalogue division.</p>
<p>Next said the third-quarter performance has marginally lowered its central full-year sales expectations, with the group now forecasting a range from a fall of 1.75% to a rise of 1.25%.</p>
<p>Next boss Lord Wolfson said earlier this year that 2016 was set to be the &#8220;&#8216;toughest we have faced since 2008&#8221;, warning over a shift in consumer spending away from fashion towards eating out and travel.</p>
<p>He has also recently cautioned that Next may have to hike its prices by up to 5% next year as it faces surging costs from the Brexit-hit pound.</p>
<p>The group said the third quarter was particularly painful as it followed a &#8220;much larger&#8221; end-of-season sale in July, as well as tough comparisons from a year earlier, when September was its best month.</p>
<p>Fashion chains have also been knocked by an unseasonably warm start to autumn, which dented demand for warmer clothing ranges.</p>
<p>But despite the sales blow, Next said its central full-year profits outlook remained unchanged at a mid-point of £805 million thanks to better-than-expected cost savings.</p>
<p>Its profits forecast range &#8211; from £785 million to £825 million &#8211; pencils in a worst-case scenario of a fall of 4.4% to a rise of 0.5% on the year before.</p>
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