Next Raises Guidance Again as UK Customers Buck Economic Gloom

Next hikes full-year guidance thanks to weather boost for spring sales

The fashion-to-homewares group reported an 11.4% rise in full-price sales for the 13 weeks to April 26.

Next Raises Guidance Again as UK Customers Buck Economic Gloom

Next Plc’s shares rose to a record after the retailer raised its guidance for the second time this year, as UK shoppers spent more than expected and a rival’s operations were disrupted by a cyber attack.

Next raises full-year guidance amid summer clothing sales boost

After boosting summer clothes sales, warm spring weather has enabled retailer NEXT to improve its full-year outlook once more. For the 13 weeks ending 26th April, the group’s full-price sales increased by 11.4 per cent, bringing its quarterly sales total to US $ 73 million higher than anticipated. It increased its projection for pre-tax earnings […] The post Next raises full-year guidance amid summer clothing sales boost appeared first on Appare…

How did Next become an online shopping behemoth?

A better-than-expected set of first-quarter results from Next this morning has highlighted its growing reputation as an online fashion platform. Online sales, which account for around 30 per cent on overall sales, grew by 8.9 per cent in the UK and 29.6 per cent internationally. Internet-based sales have been a bigger driver of revenue over the last few years than retail – the company has projected a 14 per cent rise in online sales this year de…

Spring boost for Next as revenues £55mn higher than expected - InternetRetailing

Next has celebrated a strong first quarter, that was even better than expected, with sales 11.4% higher than last year. In its results for the thirteen weeks to 26 April, Next admitted that its revenue was £55mn ahead of its forecast, up 6.5%. The retailer credited the sale of “summer-weight clothing” for this early boost. Sales in retail shops were also much stronger than expected benefiting from the favourable weather. The high street giant ha…

Next ups profit guidance as Q1 sales rise by 11.4%

Next has upped its full-year profit guidance as it welcomed “better than expected” sales in the first quarter, with full price sales up by 11.4% as trade was boosted by the warmer spring weather.The “overperformance” meant sales were £55m higher than its forecast for the period, with the group previously expecting a rise of 6.5%. Next said it was likely that some of these sales have been pulled forward from Q2, and in light of this, it will not …