Fashion chain Next has raised its annual profit outlook after seeing full-price sales lift 5% in the past three months as the spell of hot weather boosted summer clothing purchases (Ian West/ PA)
(Picture: PA Wire)High street chain Next has defied the retail downturn as its profits are boosted by return of formal dressing and the collapse of its high street rivals.
The firm increased its profits guidance for the year to £860 million, up 4.5% on 2021 and £10 million ahead of previous forecasts, while full-price sales were up 5%. Next shares grew 2.6% in opening trading.
