Next Q3: better than expected

graeme at 8:26 a.m. Wed 04 Nov 2009

Next has had a better third quarter than expected, which looks like a sign of returning consumer confidence. That said, we are now looking at very weak comparative numbers from this time last year.

Better is relative, with like-for-like sales down 1.3% and Christmas sales expected to be flat at best, and possibly down by as much as 3%.

Next Directory continues to do well, with sales up 5.1%. The strong position Next has in this market is one of its greatest strengths, as consumers seem increasingly willing to buy clothing on line or by mail order.

We need user contribution, so please suggest stories/links

Comments

You need to login or register to comment