Next performed better than expected over the Christmas period and has increased its profit outlook as a result, painting a positive picture for retail over the Christmas period
For now, Next shares have enjoyed a boost on the back of the news, and the share price was at a high not seen since mid-August.
Growing online and retail sales helped increase overall sales at Boots UK by 4.3% on the same three months the previous year, Boots parent company, Walgreen Boots Alliance, said in a trading update.
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Next Christmas sales figures far exceed expectationsThe high street bellwether said it was 'cautious' in their outlook for the year ahead and expects profit and sales to drop in the coming year despite the cold weather actually helping sales.
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Next, B&M and Greggs see Christmas sales boost despite rising pricesSeveral retailers said Christmas sales had seen a boost despite cold weather, rising costs and rail strikes.
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Next, B&M and Greggs see Christmas sales boost despite rising pricesSeveral retailers said Christmas sales had seen a boost despite cold weather, rising costs and rail strikes.
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Food inflation 'hit record high' ahead of Christmas led by fresh produceThe cost of food continues to mount but a retail body says inflation across the sector as a whole is being held back by discounting in a bid to shift stock.
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Next boosts profit guidance after beating Christmas forecasts\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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Aldi cheers record UK Christmas sales amid cost of living squeezeThe German discounter revealed that sales jumped by 26% in December to top £1.4 billion in the UK and Ireland for the first time.
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