UK clothing retailer Next’s sales jumped 17% in the August-October quarter

Next plc, a British multinational clothing, footwear and home products retailer, reported 17.0% full-price sales growth in the third quarter (Q3) of FY22 ended October 30, 2021, by compared to the same period of fiscal 2020. Full-price sales in the past five weeks, since its half-year results update released in September, have jumped 14 percent, better than forecast of 10 percent. hundred.

Next, a clothing and footwear retailer posted 17% growth in full-price sales in the third quarter (Q3) of FY22 ended Oct. 30, compared to the same period a year earlier. The company’s full-price sales in the past five weeks, since its half-year results update released in September, have jumped 14%, better than forecast of 10%.

The UK-based retailer’s full-price online sales during the three-month period were up 40%, with Next UK and Label UK up 21% and 86%, respectively. However, full-price retail sales fell 6.1% from the third quarter of 2020.

Next, a clothing and footwear retailer posted 17% growth in full-price sales in the third quarter (Q3) of FY22 ended Oct. 30, compared to the same period a year earlier. The company’s full-price sales in the past five weeks, since its half-year results update released in September, have jumped 14%, better than forecast of 10%.

In addition, Next said growth in the next quarter will be lower than in the third quarter and also maintained its full-price sales forecast to increase by 10% and its annual profit before tax to reach £ 800million. , up 6.9% from the fourth quarter of FY20.

Next, a clothing and footwear retailer posted 17% growth in full-price sales in the third quarter (Q3) of FY22 ended Oct. 30, compared to the same period a year earlier. The company’s full-price sales in the past five weeks, since its half-year results update released in September, have jumped 14%, better than forecast of 10%.

The effects of pent-up demand are expected to subside over the next quarter, according to the company. Additionally, inventory availability has improved but remains difficult, with delays in the retailer’s international supply chain compounded by labor shortages in the UK’s transport and warehousing networks. .

Fibre2Fashion Information Office (JL)


Source link

Anne G. Cash

Leave a Reply

Your email address will not be published. Required fields are marked *