Profit upgrade at Next raises hopes UK shoppers still keen to spend
Sales benefited from warm summer, M&S online shutdown after cyber-attack and supply improvementsNext has raised hopes that UK consumers are still willing to spend despite pressures on household budgets, as...
By Sarah Butler · The Guardian World
Sales benefited from warm summer, M&S online shutdown after cyber-attack and supply improvements Next has raised hopes that UK consumers are still willing to spend despite pressures on household budgets, as it revealed sales and profit growth “materially above” expectations. The clothing and homeware retailer said it benefited from sunny weather over the summer, the online shutdown of the rival Marks & Spencer for several weeks after an Easter cyber-attack and an improvement in clothing supplies from countries such as Bangladesh compared with last year. Continue reading...