High-street chain Next (NXT) has nudged up pre-tax profit forecasts for the current financial year after reporting solid third-quarter trading. The clothing and homeware giant said pre-tax profits would be in the £810m to £845m range, compared with previous guidance of £805m to £845m.
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During the third quarter, retail sales rose 5.9 per cent while sales from the catalogue 'directory' business grew 6.2 per cent. Overall, Next brand sales rose 6 per cent, with around 1.7 per cent of that coming from new retail space.
