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High street giant Next has bumper Christmas but remains cautious amid worsening UK jobs market
Next raised full-year profit guidance to £1.15 billion after Christmas sales rose 10.6%, but expects UK growth to slow due to employment pressures and tougher comparatives.
- Next reported a 10.6% rise in full-price Christmas sales, exceeding forecasts, and raised its annual profit guidance for the fifth time.
- The retailer benefited from higher spending on premium own brands, increased promotions, and improved stock levels compared to the previous year.
- Next warned that sales and profit growth would slow to 4.5% in 2026/27 due to pressures on UK employment and tough comparative numbers.
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Total News Sources20
Leaning Left4Leaning Right0Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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