Online sales boost for Next
Full price sales at Next were up 1.5 per cent in the 54 days to 24th December driven by strong online growth, the retailer said in a trading statement.
While full price store sales were down 6.1 per cent for the period, online sales were up by 13.6 per cent.
The retailer said stock for the end – of – season sale (including the stock it put into it Black Friday event) was well controlled and down – 6 per cent on last year. Clearance rates were in line with expectations.
The better than expected performance means that the retailer is increasing its profit forecast for the year from £727 million to £725m.
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