Chain records £75m more sales than expected as it becomes UK’s biggest online clothing seller
Next has hiked its profit forecast for the second time in two months amid signs of a recovery in consumer confidence and “reopening euphoria” on the high street.
The UK clothing and homewares chain nudged its profit guidance up by £20m to £720m, following on from April’s £30m upgrade. The retailer smashed its sales target by £75m in 13 weeks to 1 May with the easing of the lockdown in April resulting in three huge weeks for its stores and website, with sales nearly 20% up on 2019.
