Snow hits Christmas sales at Next

Disruption caused by snow lost fashion and homewares chain Next £22m-worth of sales over the Christmas period.

Snow hits Christmas sales at Next

The retailer says that the bad weather resulted in a loss of 2.2% of total festive season sales, with like-for-like sales down 6.1% between August and Christmas Eve.

Despite the setback, Next’s profits are expected to rise by up to 10% in the year to the end of January, and the company predicts that price rises in 2011 could be countered by an expansion of retail space and the Directory business.

Check Also

A World of Flavour Awaits: Take a Taste Adventure with Le Creuset

The world hasn’t been able to travel for the best part of a year. We’ve …