Next raises its profit forecast again to €1.2bn 

While other British retailers including Debenhams disappeared from shopping streets, Next adapted early to the shift to online sales

Next on Opera Lane, Cork. The British chain raised its outlook for the third time in three months after a better-than-expected 7.6% rise in full-price sales in the last quarter. Picture: Eddie O'Hare

Next has said it expects to report annual profit in excess of £1bn (€1.2bn) for the first time in its history in its current financial year, underscoring the success of the British retailer.

The group raised its outlook for the third time in three months after a better-than-expected 7.6% rise in full-price sales in the third quarter to October 26.