THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Customer Engagement 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Next sales boosted by heatwave

Next has reported that its full price sales rose by 4.5% in the first half of its financial year after second quarter sales exceeded expectations. In… View Article

GENERAL MERCHANDISE

Next sales boosted by heatwave

Next has reported that its full price sales rose by 4.5% in the first half of its financial year after second quarter sales exceeded expectations.

In May the retailer advised that full price sales for the rest of the year were likely rise by around 1% but today Next said full price sales in the second quarter were up 2.8% on last year and ahead of its guidance. 

Online sales in the quarter climbed by 12.5% as trade was driven by growth in the retailer’s overseas and third party brands business, as well as modest growth in sales of Next branded items in the UK. However, sales in the retailer’s stores fell by 5.9% in the period.


Stay updated with the latest retail news for free by subscribing to the Retail Bulletin mailing list.


Next said the 2.8% uplift in the quarter was due to the heatwave driving sales of summer products but added that some sales will have been pulled forward from August, which means it will be maintaining its sales and profit guidance for the year to January 2019.

The retailer went into its end-of-season sale one week earlier than last year with around 20% less stock. It said clearance rates to date have been better than expected and have added approximately £4 million to profit although this has largely been offset by higher warehouse and distribution costs. 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
SENIOR-LEVEL FORUM FOR HEADS OF MARKETING, DIGITAL, ECOMMERCE AND CX
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Customer Engagement 2020
Future of Customer Engagement 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The 11th Annual Retail Customer Engagement Conference