Next raises profits forecast again as sales rise

Retailer says cooler weather and fewer foreign holiday boosted sales despite Covid-19 fallout

Next has hiked its profit guidance for a second time after the recent cool weather and fewer foreign holidays for its shoppers boosted clothing and homewares sales.

The retailer had initially predicted the pandemic would have a disastrous impact on its finances, but has been surprised by the strength of the recovery seen in recent months. Shoppers have been spending on casual clothing, sportswear and sprucing up their homes with sales over the last seven weeks running 4% ahead of the same period of 2019.

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