Jul 21, 2021

Next shoppers splurge on summer clothes as weather heats up

Next.Next has seen a summer sales boost as warmer weather persuaded shoppers to dip into lockdown savings to splash out on new clothes. The retailer saw strong online sales, up 44% compared with two years ago. The UK sales performance of its online fashion label business, which sells other brands, increased by 64%. Its own-brand clothes sales were up by 28% and online sales overseas also rose by 61%.The company has given back £29m of business rate relief to the government. A senior equity analyst at financial services business Hargreaves Lansdown, said Next's strong trading holds a positive message for businesses across the consumer sector. Next's share price rose more than 7.8% in early trading on Wednesday.

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