Next lays bare added costs from Budget raid as it updates on Christmas trading
After Next gave an update on its festive performance and unveiled plans to raise prices in a bid to offset “unusually high” cost increases to the business as a result of last year’s Budget, Retail Week takes a look at what 2025 looks like for the fashion giant
The highly-anticipated Christmas trading results will soon be coming thick and fast, but it was all eyes on Next this morning as it offered an update for the nine weeks to December 28. Being the bellwether of the fashion market and in true Next style, the fashion giant delivered a bumper Christmas performance with full-price sales up 6% year on year, beating its previous guidance for the peak period of 3.5%.
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