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Next Plc forecasts £1bn profit in 2024/25 due to increased consumer spending on fashion.
Next Plc expects profit to grow to nearly £1bn ($1.3bn) this year due to rising wages freeing up British shoppers to spend more on fashion.
The British fashion and homewares retailer, widely considered a barometer for consumer demand, has maintained its guidance from January that it will generate £960m in profit in the 2024/25 financial year.
Despite shipping disruptions in the Red Sea, the company anticipates minimal impact on its spring/summer ranges.
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Next Plc pronostica una ganancia de mil millones de libras esterlinas en 2024/25 debido al aumento del gasto de los consumidores en moda.