Next hits £1bn profit for first time as it raises profit forecast

Next has posted a record-breaking annual profit of over £1bn for the first time in the company’s history, marking a 10.1% rise in profits year-on-year.
As a result, it has raised its sales and profit forecast for 2025, with full-year sales expected to increase by 4.3%.
For the year ending January 2025, the fashion and home retail giant reported a pre-tax profit of £1.01bn, up from £916m the previous year, driven by strong sales performance, particularly in its online oper