Consumer
UK Fashion Chain Next Bullish on Profit After Festive Surge
- Retailer sees profit growing to £960 million next fiscal year
- Next raises this year’s forecast for fifth time since June
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Next Plc raised its profit forecast for the fifth time since June and said it will grow even more next year after the British home and clothing retailer thrived during the Christmas shopping season.
The company expects full-year pretax profit of £905 million ($1.1 billion), up from a previous forecast of £885 million, according to a statement Thursday. Next year the business forecast profits to grow to £960 million.