Next Q3 sales rise but full-year outlook remains cautious

Next has said in a statement that full price sales in the third quarter were up 1.3 percent to on last year, while year to date full price sales are down 0.3 percent. The company added that it explained in the August trading Statement that clearance rates in the company’s summer end‐of‐season sale were lower than last year, the trend that continued into the third quarter, both in the mid‐ season sale and clearance operation. As a result total sales, including markdown sales, were up 0.8 percent for the third quarter and down 1.2 percent for the year to date.