THE RETAIL BULLETIN - The home of retail news
HOME
VIRTUAL EVENTS
Christmas Ads
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Retail News
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Next raises full year profit guidance

Next has raised its full year profit guidance after its fourth quarter full price sales rose by 5.2%. The increase was 1.1% ahead of the retailer’s… View Article

GENERAL MERCHANDISE

Next raises full year profit guidance

Next has raised its full year profit guidance after its fourth quarter full price sales rose by 5.2%.

The increase was 1.1% ahead of the retailer’s internal forecast for the three months to 28 December.

In the year to date, Next’s full price sales are up 3.9% on last year. The retailer said its fourth quarter trading was boosted by a much colder November than last year and better stock availability in both its stores and online.

Next has now increased its profit guidance for the full year by £2 million to reflect the additional sales. It now expects pre-tax profit for the year to January to come in at £727 million.

The retailer has also revealed that stock in its end-of-season sale is down 2.9% on last year but that clearance rates to date have been slightly below expectations.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News