Next Surpasses £1 Billion Profit Milestone Amid Strong Autumn Sales

The UK retailer's profits soared due to increased demand for winter clothing driven by early cold weather.

Next has revised its annual profit forecast to over £1 billion, marking a 9.5% increase from the previous year.
The retailer's third-quarter full-price sales rose by 7.6%, boosted by early cold weather that spurred demand for winter apparel.
Online sales continued to drive growth with a 7.9% increase in the UK, while overseas online sales surged by 20.4%.
Next has upgraded its sales and profit expectations multiple times this year, highlighting its resilience amid economic challenges.
The company anticipates more modest sales growth in the upcoming festive quarter, projecting a 3.5% increase in full-price sales.