Leicester headquartered fashion retailer, Next, has released its latest profit guidance and despite turbulent times for the high street, the company remains confident that their revised forecast will be met.
In the thirteen weeks to 29th October, the listed company saw full price sales rise slightly ahead of expectations with an increase of 0.4% on the previous year. The report reveals that retail spend in the UK and Ireland increased 3.1 per cent, while on line sales dropped 1.9%.
The company state they expect to hit their recently adjusted guidance for full year profit, which, in September, was revised down from £860m before tax to £840m – however this still reflects an increase of 2.1% versus last year.
The company intend to give an update on sales to Saturday 31 December on Thursday 5th January 2023.
