Next maintains full-year guidance as Britons carry on shopping

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Reuters UK

By James Davey LONDON (Reuters) – Clothing retailer Next kept its guidance for the full year after reporting a rise in sales in its latest quarter, providing reassurance that cash-strapped Britons are still shopping. Next, which trades from about 500 stores and online, said on Thursday its full price sales rose 21.3% in the 13 weeks to April 30, its fiscal first quarter, driven by a very weak comparative in 2021 when most of its stores were closed in a COVID-19 lockdown. Its store sales were up 285% year-on-year. Conversely, last year Next’s online sales were boosted by the store closures, so …

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