Next raises profit outlook again after sales boom

Retailer ups full-year expectations for third time in four months as it signals prices could fall in spring

Next has raised its full-year profit expectations for the third time in four months and signalled that prices could start to fall next spring for the first time in at least two years.

The fashion and homewares retailer upped its annual profit guidance by 30m to 875m as it said better ranges, the sunny spring and pay rises for many of its customers had helped lift sales.