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Next Profits Ahead of ExpectationsNext, UK high-street retailer and catalogue merchant, said it would deliver profits ahead of expectations after strong sales from the Internet and from stock management offset disappointing pre-Christmas trading in its high street stores.
Sales at Next Directory, the catalogue and online business, gained 9.3 per cent between July 31 and Christmas Eve, compared with a 6.9 per cent drop in underlying sales at the high street chain over the period.
Next chief executive, Simon Wolfson, said that Next had lifted gross margins ahead of expectations in part because of entering the post-Christmas sale period with stocks 13 per cent lower than a year before.
The current Next Directory catalogue may be ordered from the Next Directory link provided below.
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