Next shares surge as it defies Brexit retail gloom

Fashion chain Next shrugged off Brexit retail gloom with a surprise 4% rise in full-price sales, helping drive its shares to their highest in a year.

Next shares surge as it defies Brexit retail gloom

Fashion chain Next shrugged off Brexit retail gloom with a surprise 4% rise in full-price sales, helping drive its shares to their highest in a year.

The company raised its outlook after marking down less stock than previously in its end-of-season sale and saw stronger demand in July for newer ranges, with new arrivals including maxi dresses and graphic sweatshirts.

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