the next (LSE: NXT) has a rich history that surpasses the broader retail market, which explains the increase in stock prices by 18 % in 2025.

This is higher than the wider FTSE 10012 % increase since January 1, all of which are more prominent given the oppressive expectations of the retail sector in Britain

However, the NEXT Law, which challenges gravity, shows signs of fatigue, and its shares decreased sharply on Thursday (September 18) after warning that things may become more striking.

I wonder if this decline to its lowest level for five months represents an attractive opportunity to build.

High sales

Next's warning came when it was announced in the first half that corresponds to predictions. Full -price sales increased by 10.9 % in the six months to July, which led to a 13.8 % pre -tax profit.

This is a fairly decent result, given the retail problems in the UK that I referred to earlier. The following sources are about four fifth sales from its local market.

But these strong sales should be seen in the context of one time factors as well. The huge cyber attack on Marx and SpencerThe company's operations gave the company's sales a boost, as did the correct warm weather seasonally during the half.

Expected

Through these elements, you no longer provide support, a Footsie retaliator expects a sharp slowdown as with “AnemiaBritish economy bites.

UK sales tend at full prices to grow only 1.9 % in the second half. This decreased sharply from 7.6 % in the first half.

As a result, sales growth is expected to decrease at full prices at the group level to 4.5 % of 10.9 %. It is expected to grow during the full fiscal year (to January 2026) by 7.5 %.

Very landing?

This may not be very worrying for long -term investors. But the problem is that the following has also said.The medium to the long -term UK economy does not seem favorable“Quoted from:

• “Low job opportunities”
• “New regulations erosion of competitiveness”
• “Government spending obligations exceed its means“And
• “A tax burden that undermines national productivity“

After that – which was the CEO of Lord Wolfson was the public attorney for shadows – it may be right to be careful in light of modern economic data. The question is whether the company is very pessimistic about the risks it faces, and whether investors have exaggerated its reaction to its warnings about future sales.

Gary White, an analyst at Charles Stanley, reminds us of the direction of FTSE.It is usually conservative, as the company was known for weakness and excessive financial results“

Next raised its estimates several times in 2025 alone, while maintaining its long record from the upscale reviews.

This is what I do now

After saying this, I do not tend to add the following shares to my private portfolio after the fall of this week. The risks are important because high inflation and weak economic weakness put pressure on consumer spending. The retailer also faces intensive competition and high costs.

In my opinion, this exceeds the exceptional progress it achieves online and the strength of its brands.

The next day is trading on the price ratio (P/E) from 16.8 times. This is very high for me, and leaves the stock price vulnerable to more weakness, in my view.