Next annual profits near £1bn as overseas expansion boosts sales

Global reach of platforms such as Netflix, YouTube and TikTok ‘exposing people to international fashion trends’, says retailer• Business live – latest updatesNext has said international tastes in fashion are “converging” as tech platforms expose consumers to international trends, boosting the retailer’s overseas sales and helping it close in on £1bn in annual profits for the first time.The fashion and homewares retailer forecast that its annual profits would be £15m more than previously expected, at £995m, after overseas sales rose 23% in the six months to July, offsetting a near 1% decline in sales of Next-branded clothing in the UK. Continue reading...

https://www.theguardian.com/business/2024/sep/19/next-annual-profits-near-1bn-overseas-expansion-boosts-sales

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2024-09-19 08:00:59

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