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Next poised to reveal further growth

Next is expected to reveal this week that growth in its online sales continues to offset a decline in bricks-and-mortar stores.  

The retail bellwether is expected to announce a 4% increase in full-price sales in its half-year results on Thursday. The rise will be underpinned by a 12% growth in online sales for the six months to 27 July, reports The Times. 

However, in-store non-discounted sales will have dropped 4% over the period. 

Next upped its profit forecast in May after full-price sales were better than expected for the 13 weeks to 27 July. 

Readers' comments (1)

  • Considering the extent of third party brands now published on Next’s website, it would be interesting to understand the like for likes for their own labels.

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