Next sales inch up boosted by colder weather

The fashion retailer recorded a 0.4% uplift in full price sales over the 13-week period to October 29.

Next reiterated its full-year profit guidance of £840m, up 2.1% on the previous year.

In the five weeks since its half-year results in September, Next added that full price sales were up 1.4% year-on-year.

This was driven by a colder week of weather at the end of the month which inspired customers to purchase “heavier weight” products such as coats and boots – for that week, sales jumped 11%.

The balance between online and offline sales also shifted - online sales dropped 1.9% in the quarter, while in-store sales jumped 3.1%.

Next added that it still expects full price sales for the year to be down 2%.

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