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Next Plc Boosts Profit Forecast Amid Economic Concerns

1/6/2026

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Summary

Story summary

Next Plc raised its profit forecast to £1.15 billion after a 10.6% rise in full-price Christmas sales, the fifth forecast upgrade this year.
The retailer expects slower growth in 2026-27 due to rising unemployment and easing wage growth.
Chief Executive Simon Wolfson warned of economic challenges linked to Labour government policies.
Next's results benefited from a cyberattack on Marks & Spencer and stronger online sales through a Zalando partnership.

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Story summary

Next Plc raised its profit forecast to £1.15 billion after a 10.6% rise in full-price Christmas sales, the fifth forecast upgrade this year.
The retailer expects slower growth in 2026-27 due to rising unemployment and easing wage growth.
Chief Executive Simon Wolfson warned of economic challenges linked to Labour government policies.
Next's results benefited from a cyberattack on Marks & Spencer and stronger online sales through a Zalando partnership.