Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Next like-for-likes sink 8.9%

Like-for-like sales at Next plunged 8.9% in the quarter ended April 26 and total retail sales fell back 5% to £518.1 million against the previous year.

Next Directory sales fell 1% to £220.8m over the period, putting group sales 3.9% behind at £738.9m.

However, Next said the recent warm weather had given sales a boost and that like-for-like performance was running 7.8% down for the extended period between January 27 and May 7. The company said it expected like-for-like sales to be down around 7% for the first half.

Next said internal profit forecasts were closely in line with expectations but added in a statement that it was cautious about the outlook.

The statement said: “Financial pressures resulting from cost increases in food, fuel, mortgage repayments and taxation look set to continue. However, we continue to believe that sales in the second quarter will improve significantly as a consequence of last year’s unusual weather patterns and we have budgeted on this basis.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.