THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Omnichannel Retail 2022
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Next’s half year performance boosted by strong growth in online sales

Next saw its pre-tax profit climb by 2.7% to £319.6 million in the six months to July as the company benefited from strong growth in online… View Article

GENERAL MERCHANDISE

Next’s half year performance boosted by strong growth in online sales

Next saw its pre-tax profit climb by 2.7% to £319.6 million in the six months to July as the company benefited from strong growth in online sales.

While sales in Next’s high street stores fell by 5.5%, online sales fared much better with an uplift of 12.6%.

Meanwhile, full price sales increased by 4.3%.

Next said September’s warm weather has had an adverse impact on sales. The company now expects its fourth quarter to be stronger than the third.

The retailer also revealed that it is well advanced in its Brexit preparations. While a no-deal Brexit is not its preferred outcome, it said it would not expect it to pose a material threat to its operations and profitability if ports continue to operate effectively.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News