Next raises pretax profit outlook to £1.22 billion

9 articles · Updated · Bloomberg · May 6

The British fashion and homewares retailer said Wednesday the new forecast equals about $1.7 billion and is slightly above its previous guidance.
Next said strong early-year demand offset a tripling in costs linked to the conflict in the Middle East.
The upgrade suggests sales momentum has remained resilient despite higher geopolitical-related expenses affecting the retailer this fiscal year.

Next is absorbing triple the costs from the Mideast war. When will this bill finally hit UK shoppers?

Is Next's success a retail masterclass, or is its finance arm the real secret to defying wartime costs?