The clothing chain had expected to suffer a dip between April and June compared to last year because of 'exceptionally favourable' conditions in 2023.
Clothing chain Next has reported better-than-expected sales and raised its profits forecast for the year despite the wet start to the summer. The retailer said it had been bracing for a 0.3% fall in full-price sales between April and June - when compared to the same period last year when the UK experienced 'exceptionally favourable' weather. However, Next said sales instead rose by 3.2%, exceeding its expectations by £42m.
Next also credited its takeover of rival FatFace last year and the increase in its stake - from 51% to 72% - of fashion brand Reiss. Read more from business:Firm behind global IT outage suedFederal Reserve holds rates again'Worst' airlines for customer service It comes after trade association the British Retail Consortium recently warned retailers had suffered a 'gloomy' start to the summer due to a 'colder than usual June'. Retail sales by volume fell by 1.
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