Clothing & Shoes

Next increases full-year profit guidance to £720m amid sales surge

The retailer previously forecasted that in its 13 weeks to 1 May, sales would be down by 10%, however due to a 65% increase in online sales and Covid-19 restrictions easing, the retailer beat its Q1 estimate by £75m

Next has increased its pre-tax profits guidance for the full year to £720m from £700m after seeing a surge in sales.

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