Next “remains resilient” despite 97% drop in half-year profits

// Next sales drop in first half of the year by 33%
// Pre-tax profits tumble 97% to just £9m
// Due to recent recovery in demand, Next raised full-year outlookNext has seen its pre-tax profits drop by a colossal 97 per cent during the first half to just £9 million, but has increased its full-year profit guidance as demand recovered.
The fashion retailer fell to a half-year loss of £16.5 million but has raised its full-year outlook from £195 million expected in July to &p