Opened a short today expecting poor news on forward outlook tomorrow.
M+S seem to have had a stellar Christmas from what I can see, no pre holiday sale and just about everything selling at full price. Even now in the Sale things aren't really that cheap and they're still flying off the shelves. Equally I've never queued longer on Christmas Eve in the food hall and I was there at opening time of 07:30am. The food was just flying out and the plants and ornaments.
If the two stores customers are the same then it's goodnight Next for now you've been well and truly wapped imho.