A positive Christmas trading update from high street chain Next (NXT) no less. A 1.5 per cent increase in full-price sales between 1 November and 24 December 2017 far outstripped management’s previous guidance for a 0.3 per cent decline, while online sales also performed well, up 13.6 per cent.
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Profit guidance for the full year nudged up £8m to £725m, which would equate to a year-on-year profit fall of 8.3 per cent compared with the previous estimate of a 9.3 per cent decline.
