A major UK retailer has reported an unexpected sales surge, attributing the growth to milder weather, and has revised its profit forecasts upward for the fourth time this year. The company, which holds the UK licensing rights for international brands like Gap and Victoria’s Secret, now expects full-year profits to reach £1.26 billion. With stakes in other well-known labels, including Reiss and Joules, the business is signaling confidence in its financial outlook. The update comes as the retailer prepares for potential price adjustments in the coming autumn season.
FTSE 100 retailer, which owns UK rights to US brands Gap and Victoria’s Secret, says prices could rise in autumnBusiness live – latest updatesNext has thanked warmer weather for an “unexpected” boost in sales, leading the clothing retailer to raise its profit forecasts for the fourth time this year.The FTSE 100 company, which owns the UK rights to the US brands Gap and Victoria’s Secret as well as stakes in labels including Reiss and Joules, raised its expectations for full-year profits by £12m to £1.26bn. Continue reading...
