Next benefits from late Christmas shopping but warns on profits

Sales at Next for the festive period (28 October to 29 December) were up 1.5% year on year, with a surge in shopping in the three-week run-up to Christmas helping to offset a “disappointing” November.
However, the retailer is expecting profit to be down for the next two years (-0.4% to £723m in 2018/19 and -1.1% to £715m in 2019/20) as the shift to online accelerates and physical stores continue to suffer – a polarisation that became even more apparent over Christm