High street chain become only the fourth British retailer to pass a milestone that boss Lord Wolfson plays down as “not important”
Next joins a select group of British retailers with over £1 billion in annual profit, reporting a 10.1% increase to £1.011 billion for the year ending January. While upgrading profit guidance for the current year, Next acknowledges growing risks to the wider UK economy. Overall sales rose 8.2%, with international business showing the strongest growth, while UK store sales declined slightly.
