Retailer updates profit forecast after bumper Christmas sales but says shipping issues could affect deliveries in 2024
Next has upgraded profit hopes for the year after ringing up £38m more in sales than expected in the run-up to Christmas, but warned that difficulties in the Red Sea could delay deliveries and hit sales in the year ahead.
The fashion and homeware chain said that full-price sales had stepped up dramatically, rising by 10%, in the last two weeks before Christmas. As a result, sales rose by 5.7% in the nine weeks to 30 December, far better than the 2% expected.
Continue reading…Retailer updates profit forecast after bumper Christmas sales but says shipping issues could affect deliveries in 2024Next has upgraded profit hopes for the year after ringing up £38m more in sales than expected in the run-up to Christmas, but warned that difficulties in the Red Sea could delay deliveries and hit sales in the year ahead.The fashion and homeware chain said that full-price sales had stepped up dramatically, rising by 10%, in the last two weeks before Christmas. As a result, sales rose by 5.7% in the nine weeks to 30 December, far better than the 2% expected. Continue reading…