9 months, 3 weeks ago
Next set to deliver higher profits despite pressure on shoppers
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Next is set to reveal higher profits for the past year as investors hope the fashion chain continues to shrug off customers’ cost-of-living pressures and poor weather. Guy Lawson-Johns, equity analyst at Hargreaves Lansdown, said: “Next gave investors plenty to be happy about in their last update, with growth of 9.1% in its online channel helping sales to exceed group forecasts. “The development of Next’s Total Platform, whereby third-party brands can use its online services for themselves, should also be of interest – the operation generated gross sales of £162 million and profit for Next of £55 million in the 12 months to January 2023.”
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