23 May 2024, 04:13
By Furniture News May 05, 2022

Next holds a steady course in Q1

In the 13 weeks to 30th April, full-price sales at Next were up +21.3% YoY, prompting the retailer to maintain its guidance for full-year profit before tax at £850m (up +3.3% YoY).

Last year, most of Next's stores were shut for the majority of Q1, resulting in retail growth this year of +285%. Conversely, Next's online sales were boosted by the store closures, which is why the retailer expected to be down in this regard (-11% YoY). However, online sales were up +47% Yo3Y.

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