The British clothing dealer subsequently increased his annual prospects for the third time in five months as he reported sales of the second quarter better than expected, benefiting from the heat and interruptions at the rival of Cyberack-hit Marks & Spencer.He later has about 460 stores in the United Kingdom and Ireland and an online presence in over 70 countries selling the next brand and more than 700 other brands. With the United Kingdom representing about 80% of its sales, it is often considered a useful indicator of how British consumers go.
He said that on Thursday sales at full price in 13 weeks to 26 July increased by 10.5% compared to last year, in advance of 6.5% and compared to the growth of 11.4% in the first quarter.
Sales overflowed Next’s expectations both in the United Kingdom and abroad, he said.The retailer said that the growth of sales of the United Kingdom of 7.8% was largely due to the best time of the expected time and “interruption of trade in an important competitor”, which he did not apply.
However, the second quarter of Next overlapped a period in which M&S stopped taking online clothing orders following a computer attack that cost him 300 million pounds ($ 398 million) of profit.
The data in the sector have shown that they are a beneficiary of the M&S troubles, together with Zara and H&M.
Subsequently he said that international sales increased more quickly by 26.4% expected mainly because his digital marketing proved to be more effective than expected.
Although he then increased his guide for the growth of sales of complete prices of the second half to 4.5% compared to 3.5% previously, he remained cautious for the period.
He expects that the United Kingdom’s job opportunities continue to decrease, with the effects of the increases in taxes on the April employer who continue to filter in the economy.
“We believe that this will increasingly dampen the expense of consumers with the progress of the year,” he said.
By reflecting that caution, the subsequent shares were flat on Thursday, having increased by 29% so far in 2025.
“Next is cautious for the second half of the year, but the company has a good experience little in processing and delivery,” said Zoe Gillespie, responsible for the wealth of RBC Brewin Dolphin.
Subsequently he increased his predictions for the year until January 2026 useful for the prefiguration of 25 million pounds to 1.105 billion pounds. The profit exceeded 1 billion pounds for the first time in 2024/25.
On Wednesday, subsequently, he purchased the rights of the brand for the maternity dealer Seraphine.
