While pundits forecast choppy waters ahead for the retail sector, fashion chain Next seems to be bucking the popularity on account of a boost in sales across the Christmas period.
The retailer has upgraded its profit forecast and signalled that inflation pressures are going to ease after?full price sales during the 54 days to December 24 increased 1.5%, previous to expectations.
Part with the improvement, this company said, was into much colder weather prior to Christmas.
Next saw online sales jump 13.6% in the period, helping mitigate a 6.1% decline in shopping mall sales.
The firm has subsequently increased its full-year profit guidance by