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 sales rise 3.1%

Fashion chain Next has reported a 3.1% increase in overall sales between 1 August and 24 December. This was in line with the full year guidance given in November of between 2.5% and 4.0%.

CITY & CORPORATE

Next sales rise 3.1%

The results were boosted by the strong performance of Next Directory where online sales rose by 16.9% in the period which compensated for a 2.7% drop in retail store sales. Next said it was  hard to judge to what extent warm winter weather and higher levels of competitor discounting masked deeper, longer lasting, economic effects.

Despite having a good final week before Christmas, the retailer said November and December sales were “disappointing”.  However its post-Christmas sale went well with final clearance rates expected to be slightly ahead of budget and last year.

Looking ahead to 2012, the retailer said it anticipated modest growth in overall sales with profit before tax only slightly up on this year.  It expects to make £200 million in surplus cash which will be returned to shareholders through share buy backs.

 

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

Retail Human Resources Summit
Retail Human Resources Summit
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 Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 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
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing