Next posts rise in full-price fashion sales in latest quarter

Shares in Next were little changed in the latest session, but have gained by more than 10% since the start of the year. Online sales were up 8.8%
Next posts rise in full-price fashion sales in latest quarter

Next has guided for its selling prices on like-for-like goods to be down 2% in its first half versus last year, with deflation of 0.5% in the second half.

Clothing retailer Next — which has 800 stores in Britain and Ireland — kept its forecast for annual profit after reporting a rise in first-quarter full price sales, slightly ahead of its guidance.

The group reiterated that it expects its sales in the second quarter to be weaker than the first quarter to April 27,  because last year it benefited from particularly warm weather from late May to the end of June.

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