Next raises profit target after mini-heatwave
British retail chain Next has raised its full-year profit target after consumers rushed out to update their wardrobes amid unusually warm weather.Full-year pre-tax profit is expected to come in at £717m, up from the previous estimate of £705m, the company said."Sales in the first quarter were better than we expected and around £40m ahead of our internal forecast, boosted in recent weeks by unusually warm weather," Next said in a statement.
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