Leicestershire retailer Next has upgraded its profit guidance for the year.
It follows a strong first half in which full price sales were up 4.4% versus last year, exceeding expectations of a 2.5% increase.
Total Group sales, meanwhile, including markdown, subsidiaries and investments, were up 8%, with additional growth thanks to the acquisition of FatFace and an increase in Next’s shareholding in Reiss.
Next has increased its profit guidance for the full year by £20m to £980m, up 6.7% versus last year, as a result of additional sales (£11m) and cost savings (£9m), mainly in logistics.
