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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.

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Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, 22 Duchess Mews, 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 Retail Marketing 2020
Future of Retail Marketing 2020
9 June 2020
Hallam Conference Centre, London W1W 6JJ
The Future of Retail Marketing for Customer Engagement
The HR Summit 2020
The HR Summit 2020
1 October 2020
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
14 October 2020
Hallam Conference Center, 44 Hallam Street, London W1W 6JJ
CONFERENCE AIMED AT RETAILERS WORKING IN MARKETING, IT, DIGITAL, DATA AND TECHNOLOGY