Next second quarter sales accelerate on new store openings

The clothing retailer also sharpened its revenue and profit forecast for the year

3rd August, 2016
Next sales increased by 0.3 per cent in the second quarter

Sales under the Next brand, incorporating both shops and the Directory home-shopping service, increased 0.3 per cent in the second quarter, the company said. That’s an improvement on the first quarter’s decline and compares with the 0.6 per cent increase estimated by analysts. The shares rose 4.1 per cent in early London trading.

“The upgrade to guidance shows confidence from management that poor trading conditions have improved somewhat and indicate management’s confidence that Brexit...

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