Aug 3, 2017
Next sales return to growth
Sales at Next have returned to growth, but the retailer has said it remains "Cautious" about its outlook, given the current consumer environment. Second-quarter sales rose 0.7%, beating expectations, after an 11.4% boost from its Directory catalogue and internet business. Full-price sales at Next Retail fell 7.4%. Next now expects full-year sales to be between 3% down and 0.5% up, narrowing its sales guidance range by 0.5%. Despite this, it left its profit guidance unchanged, after reducing it in January and May..
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