Next has confirmed to the market that its sales were down by 1.1 per cent for the nine weeks to December 26th. However, its online sales levels spiralled during the period which was badly impacted by store lockdowns.
Online sales from UK customers were up by 36 per cent during the period against a decline of 43 per cent in retail sales as compared to the same period in 2019.
Next now says that its full-year pre-tax profit is expected to be £370 million, up from the £365 million it had forecast in October. Full year results are expected on April 1st.
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