Next expects profits to top £1.1bn after bumper festive sales
by Sarah Butler from World news | The Guardian on (#72M55)
Retailer warns that growth this year will be slower amid continuing pressures on UK employment
The high street retailer Next expects its annual profits to top 1.1bn after it rang up much stronger sales than expected over Christmas - but it has warned that 2026 will be tougher amid continuing pressures on UK employment".
The clothing and homewares retailer said it was improving annual profit forecasts by 15m, its fourth upgrade in eight months, after UK sales rose by 5.9% in the nine weeks to 27 December, far stronger than the 4.1% expected.
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