Accessories Amazon Asda Christmas Expansion & Franchise Fashion HR News High Street John Lewis London Marks & Spencer Media News Results Retail Retail and Consumer Industry Retail news Sainsbury's Store Tesco UK brand china consumer deal deals and rumours department department stores e-commerce electricals expansion fashion news food grocer group launch luxury morrisons my online online retail people profit property retail property retailer sale sales supermarket waitrose
Next Directory expected to break £1bn barrier Monday, 19th March 2012
Photo credit: Next plc
It’s been revealed that Next’s Directory business is thought to have reached £1 billion in sales, ahead of the retailer’s full-year results on Thursday.
According to the Independent, Next’s online and catalogue business also saw its operating profit rise 16 per cent to £257 million in the year to 28 January.
Overall, the retailer is expected to report on a 3 per cent rise in group pre-tax profits to around £565 million. Credit Suisse on Monday reported that Next Directory is forecast to post a 16 per cent rise in sales to £1.09 billion, making up a third of the chain’s total revenues of £3.26 billion.