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The clothing and homeware chain has announced that price increases are set to remain in place across all UK stores this year.
It comes as Next announced that both online and retail sales “exceeded our full-price sales expectations, with retail being particularly strong”.However, Next also forecast lower profits for the next financial year, citing uncertainty over inflation. “Markdown stock and sales were much higher than last year, mainly as a result of the exceptionally low surplus stock levels last year.”
But he added that consumer spending was also better than predicted in the face of painful cost pressures.“That has given people the confidence to spend through the Christmas period.”
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