THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Next raises full year profit guidance

Next has raised its full-year profit guidance after sales rose by a better-than-expected rate in its third quarter. In a trading statement, the fashion and homewares… View Article

FASHION RETAIL NEWS UK

Next raises full year profit guidance

Next has raised its full-year profit guidance after sales rose by a better-than-expected rate in its third quarter.

In a trading statement, the fashion and homewares retailer said full price sales were up 4% in the three months to 28 October, which was ahead of an initial guidance of 2% growth.

Next said sales fell in much of September and were down in early October as unseasonably warm weather impacted demand for its autumn ranges. However, cooler weather in the rest of October led sales to increase by 16% and 11% respectively in the final two weeks of the month.

The retailer now expects group underlying pre-tax profits to rise by 1.7% to £885 million with sales growth of 3.1%. This compares to a previous profit guidance of £875 million and forecast of 2.6% growth for sales.

Subscribe For Retail News