THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Next full price sales down 3.5% in third quarter

Next has reported that its total full price sales fell by 3.5% in its third quarter despite a significant improvement in sales in October.

GENERAL MERCHANDISE

Next full price sales down 3.5% in third quarter

Next has reported that its total full price sales fell by 3.5% in its third quarter despite a significant improvement in sales in October.

Sales at the fashion and homeware retailer's high street stores declined by 5.9% in the period while Next directory sales, which includes online, were flat.

In a statement, Next said: “In September we gave guidance that trading in the third quarter would be difficult. In August full price sales were subdued following the much larger end-of-season Sale in July, and in September we traded against our best month last year. October sales improved significantly, as comparative weeks last year became less challenging.”

The third quarter figures mean that Next’s total full price sales in the year to date fell by 1.5%. However, total sales including markdown sales edged up 0.4% year-on-year. Next said its markdown sales grew faster than full price sales due to a much larger end-of-season sale in July.

The retailer now expects full-year sales to be between 1.75% lower and 1.25% higher than the previous year. This is marginally lower than the previous guidance given in May.

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 2018
The HR Summit 2018
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues