Overview

• Next Plc reports a significant increase in profits, hitting £918 million for the year, with expectations to reach nearly £1 billion next year.
• The retailer plans to cut prices for customers due to lower buying costs, despite previous disruptions in shipping.
• Next's performance boosts confidence in the high street, with plans for expansion in the US, Middle East, and Asia.
• The company's shares reach a record high, reflecting its strong financial performance and optimistic outlook.
• Next continues to invest in new brands and partnerships, including a tie-up with US department store Nordstrom.