For, Next holiday sales have been good, however, the new lockdowns have dented its business to some extent, but the retailer is now eagerly looking forward to rebound from July. Next showed a lot of optimism at a time when the retail world continues to be shaken by the pandemic.
“Traditionally this is the quietest period of the year and will continue for some time. However, it will improve in April and is likely to return to normal business from July onwards,” says Simon Wolfson, CEO, Next, “we are better prepared this time to face lockdowns and consequent challenges than it was earlier,” he added.
Meanwhile, Next has said it hopes to see a pretax profit of $503 million for its fiscal year before two one-off charges.