Next Lifts Profit Outlook Amid Strong Summer Sales
Next has once again upgraded its profit outlook, benefiting from a surge in overseas and summer sales. The company's strong performance reflects increased consumer spending during the summer period.
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Next upgrades profit outlook again as it benefits from summer spending
Retailer expects to end year with pre-tax profit of £1.2bn, about £25m higher than forecast previously Next has raised hopes that UK shoppers are still willing to spend despite pressures on household budgets, as it upgraded its profit guidance for the third time this year. The clothing and homeware retailer said it benefited from sunny weather and the release of some “pent-up demand” in the Middle East and northern Europe in the 13 weeks ended on 1 August. Continue reading...
By Lauren Almeida
Read full article →Next lifts profit outlook again after overseas and summer sales surge
The fashion and homeware retailer lifted its profit outlook again as a result of the stronger-than-expected second quarter.
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