Skip navigation

Gloucestershire Business News

Next sales exceed expectations

Sales at retail giant Next were ahead of forecast for the first quarter.

The fashion and home retailer, which has stores in Cheltenham and Gloucester, reported a 5.7% rise in full price sales for the 13 weeks to April 27, slightly up on its 5% forecast.

Retail sales remained flat, while online sales were up by 8.8% for the quarter.

Despite this, Next expects sales to dip by around 0.3% in the second quarter, based on strong sales boosted by warm weather in June last year.

Overall, it predicts full price sales for the first half will increase by 2.5%.

Next has maintained its annual sales and profit guidance, with sales predicted to reach £4.9bn and group pre-tax profit forecast to hit £960m - a rise of 4.6%.

Related Articles

Freemans Event Partners goes for gold in Paris Image

Freemans Event Partners goes for gold in Paris

A Gloucester-based firm is getting a slice of the action at this summer's Paris Olympic and Paralympic Games.

Nicola takes the helm at Forest constructors Image

Nicola takes the helm at Forest constructors

Promotion comes as family firm celebrates 56 years' success.

Public share event planned for next phase of A435 cycleway Image

Public share event planned for next phase of A435 cycleway

Stakeholders invited to view next phase of A435 Cheltenham to Bishop’s Cleeve Cycleway

SPECIAL REPORT: The driver in front is... a robot? Image

SPECIAL REPORT: The driver in front is... a robot?

Road now open for AI-driven vehicles by 2026.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.