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.

March 21, 2024
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