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Next full-price sales given a lift by warmer weather

Next’s full-price sales rose 3.2% in the first quarter of 2015, boosted by the launch of its summer ‘New In’ brochure and a spell of warmer weather.

Total sales rose 4.1% during the 13 weeks to April 25, compared with the year before. Sales via its Next Directory catalogue rose 9.2%, while retail accounted for an uplift of 0.5%.

Next said it benefited from a longer winter end-of-season Sale and mid-season Sale in the Directory.

It will pay a further special dividend of 60p per share on August 3.

The company has estimated that sales for the year to January 2016 will rise by between 1.5% and 5.5%. Full-year pre-tax profits are expected to be between £785m and £835m.

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