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Next cuts guidance as rising inflation dampens consumer demand

2 monthes ago   |   By Fashion United

Image: Next plc media gallery
Full price sales at Next plc were up 12.4 percent versus 2021 and up 22.3 percent versus 2019. Total trading sales including markdown sales were up 12.8 percent versus 2021 and up 21.3 percent versus 2019.
Profit before tax was 401 million pounds, which was up 15.5 percent versus 2021 and up 22.4 percent versus 2019.
However, Next has reduced its sales guidance for the second half to be down 1.5 percent, resulting in full year sales guidance of up 4.8 percent. Sales to date in August and September were down 0.3 percent.
Next slashes full year outlook
The...
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