Next increases its annual sales and profit outlook

Yorkshire Post

Next has upped its annual sales and profit outlook once again after better-than-expected trading thanks to hot weather and disruption at cyber attack struck rival Marks & Spencer.

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:04The high street retailer Next has increased its annual outlook once again,

00:09as it saw better than expected trading thanks to hot weather

00:12and the disruption caused by the cyber attack at its rival Marks & Spencer.

00:18The women's wear and homes wear chain posted a 10.5% rise in full price sales

00:24the second quarter to July 26, with growth of 10.9% for half-year as a whole.

00:31In the UK, sales jumped by 7.8% in the second quarter,

00:36as the group said it was boosted by better than expected weather

00:39and a trading disruption at a major competitor.

00:43M&S had to suspend online trading for nearly two months from mid-April

00:47after it was hit by a major cyber attack.

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