• Next raises sales and profit outlook

    3 days ago - By Fashion United

    Image: Next
    Next has increased its full-price sales guidance for the rest of the year from 3 percent to 6 percent and central guidance for full-year profit before tax by 30 million pounds to 750 million pounds.
    It comes after full-price sales in the eleven weeks to July 17, 2021 were up 18.6 percent versus two years ago.
    Pent-up demand boost sales at Next
    The company has attributed strong sales performance in the eleven weeks to pent-up demand for adult clothing, with many customers having made few summer purchases during the last 18 months; onset of extremely warm weather at the end of...
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  • Mulberry returns to full-year profit despite drop in revenue

    3 days ago - By Fashion United

    Image: Mulberry
    Mulberry has returned to a full-year profit despite a drop in sales linked to international store closures and a drop in tourism.
    For the year to March 28, the British luxury label reported an underlying profit before tax of 5.9 million pounds compared to a loss before tax of 14.2 million pounds a year earlier.
    Group revenue during the year was down 23 percent to 149.3 million pounds as the pandemic forced the majority of the label's physical stores to closure during the period.
    But that drop in sales was partially offset by soaring digital sales, which were up 55 percent...
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  • Next raises sales and profit outlook

    3 days ago - By Fashion United

    Full price sales in the eleven weeks to July 17, 2021 at Next Plc were up 18.6 percent versus two years ago. Next has increased its full price sales guidance for the rest of the year from 3 percent to 6 percent and central guidance for full year profit before tax by 30 million pounds to 750 million pounds.
    The company has attributed strong sales performance in the eleven weeks to pent-up demand for adult clothing, with many customers having made few summer purchases during the last 18 months, onset of extremely warm weather at the end of May and start of June, fewer holidays overseas...
    Read more ...