Next sales ahead of expectations despite UK high street problems

The Next fashion chain said sales were up marginally in August, September and October, despite the big problems facing the UK high street.As the cost of living crisis bites the UK retail giant said year-on-year sales were up 0.4 per cent for the period – slightly ahead of initial expectations. September in particular saw a decent trading. In-store sales for the period were 3.1 per cent up on last year while online sales were almost 2 per cent down. The Leicestershire-based group said it still expects to hit profits of £840 million for the year, which would be 2.1 per cent up on a year before. In a short trading update the business said: “Full price sales in the last five weeks have been up 1.4 per cent, boosted by one particularly strong week at the end of September, when temperatures …
Read more…….