Fashion chain Next said the strong performance of its Directory unit compensated for the slightly disappointing trading at its Retail stores.
The Retail unit saw sales (excluding VAT) fall 2.7% in the period from August 1st to December 24th versus the corresponding period the year before, while Directory sales improved by 16.9%. Sales for the Next brand overall rose 3.1%, in line with the full year guidance range given in November of between 2.5% and 4.0%.
More to follow ...
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