UK High Street

Congratulations to NEXT

The bumper festive period led to the High Street giant to raise its profit forecast by 5% to £960m for 2024. NEXT has about 460 outlets in the UK and Ireland.

The company also expects sales to grow by 3% in 2024/25 but warned that attacks on shipping in the Red Sea could cause delays and disruptions to its stock supply.

NEXT’s full price sales were up 5.7% in the nine weeks to 30th December, £38 million ahead of its previous guidance of 2%.

The company’s share price closed at: 8146.00 on 29th December 2023, as of 4th January 2024 the share price was: 8550.

Three months share price data for NEXT.

Is this an indication of better news for the UK high street in general?

Congratulations NEXT.

UK retail sales hit 2023 low – see report.

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