In addition, Next Plc's end-of-season sale has seen higher-than-anticipated clearance rates, reflecting a positive consumer response to the brand's offerings, the company said in a press release.
Despite this impressive performance, the retailer is maintaining a cautiously optimistic stance. It projects full price sales to increase by just 0.5 per cent compared to the previous year in the second half of fiscal 2024, translating into a 1.8 per cent rise in full price sales for the full fiscal.
Boosted by an additional £16 million in full price sales in the last six weeks and improved clearance rates from their summer sale, the company is now set to generate £10 million more profit than previously anticipated. In light of this, Next Plc has revised its profit guidance upwards, expecting it to reach £845 million.
Fibre2Fashion News Desk (DP)