Fashion retailer Next have upgraded their profit targets as their finances were boosted by stronger than expected sales.
Next are in position to see profits of around £980 million in the current year which has risen by £20 million from what analysts previously predicted.
Over the quarter to the end of July the fashion retailer said full price sales were 3.2%.
In a statement, Next said, “The weather last summer was exceptionally favourable for clothing retailers, so we had planned for full price sales to be down 0.3% in the second quarter this year.
“Our full price sales in the UK (online and retail combined) were only slightly ahead of our expectations, up 0.4%.
“Overseas sales online were much better than expected, and were up 21.9%.”
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