🎉 Next is on a roll! 🎉 The high street favourite is set to announce more growth in the last quarter of the year, defying the odds despite tighter consumer budgets. 🚀📈 Last Friday, shares hit a fresh record high, proving yet again that investors are confident in the brand’s resilience.
With 899 stores across the UK, Next keeps on making waves in retail. Even with the ongoing cost-of-living challenges, it’s clear they’ve managed to stay a step ahead. While sales growth might slow down a bit compared to earlier this year, they’re still looking strong. 🌟
Last month’s update from Next hinted that full price sales could grow by 4.5% over the second half of the financial year, a slight dip from the 10.9% increase seen earlier. But hey, it’s growth nonetheless! 📊
Next’s boss, Lord Simon Wolfson, recently noted that while the UK economy isn’t heading off a cliff, he expects only “anaemic growth” in the long term. Yet, retail sales have shown resilience, with recent figures from the ONS indicating a 0.5% rise in September, even when analysts anticipated a decline. 📉➡️📈
As Michael Hewson from MCH Market Insights pointed out, the latest quarter has been a win for Next shareholders, setting new highs for the share price. Many doubted the retailer’s ability to maintain its upward trajectory, but Next keeps proving doubters wrong. 🙌💼
Stay tuned for the big reveal on October 29th to see just how well they’ve done! 📅🎊