Business Live with Ian King: Next raises revenue forecast however warns of inventory delays

Join Ian King and friends as Next has raised its revenue forecast for the fifth time in lower than a yr after reporting better-than-expected gross sales within the run-up to Christmas.

The excessive avenue retailer mentioned full-price gross sales had been up 5.7% within the 9 weeks to 30 December in comparison with final yr.

The determine, revealed in a buying and selling replace from the agency on Thursday, is £38m higher than the two% rise it beforehand forecast for the interval.

As a outcome, Next mentioned it was upgrading its pre-tax revenue steering for 2023/24, not together with distinctive objects, by £20m to £905m.

That would signify a 4% rise on the £870m it made in 2022/23.

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