let's talk to kate hardcastle about this. good to see you. what is going wrong with next?11% on the ftse 100? next? their shares down around 11% on the ftse100? i cannot say next has any challenges specific to them. it is the high street and the battle of sales. 20% of online sales versus heavy discounting from expectation from consumers. black friday coming in at the end of november, discounting in that period prior to christmas and consumers feeling that is the way they want to shop and thatis is the way they want to shop and that is the state of the high street and the state of retail. when you look at other companies, they are not seeing a similar fall of like marks & spencer is an next. some a nalysts marks & spencer is an next. some analysts said they are specific to next and they are not grabbing the interest like they used to do. next and they are not grabbing the interest like they used to dam next and they are not grabbing the interest like they used to do. it is the middle high—street brand, a vanilla brand, not cutting edge of fashion are not discounted heavily