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Next has upgraded its annual profit forecast for the fifth time in eight months thanks to a boost in full-price sales over the festive period.
The UK retailer said it expected to make pre-tax profits of £905mn on sales of £4.7bn for the year ending in January, compared with previous guidance of £885mn in profits.
Full-price sales had been “better than anticipated”, the company said. In the nine weeks to December 30, full-price sales rose 5.7 per cent versus last year. This was better than its previous guidance of 2 per cent for the period.
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