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Competitor Monitoring: Next Raises Profit Forecast As Christmas Sales Beat Estimates

January 1, 2013
Profitero
Written By
Profitero

Fashion retailer Next has increased its full-year profit forecast for the year ending January 31, 2013. The UK’s second-largest clothing retailer reported a rise in online and in-store sales in the run-up to Christmas as well as better margins.

Next said its pre-tax profit was expected to be £611-625 million, higher than its previous estimates of £590-620 million. The fashion retailer has a policy of no sales before Christmas. Simon Wolfson, chief executive of Next, said the company would open more stores in 2013 as well as expanding the Directory unit.

The company has improved its online delivery times over the past year. Online is much less capital intensive, said Wolfson.

© 2013 Profiterop

About Profitero

Pricing intelligence company Profitero provides retailers with actionable price intelligence data, monitoring over 50 million products across 4,000 eCommerce retailers every day, observing pricing, promotions and stock availability. We work with the world’s leading retailers, enabling them to acquire new customers and grow profit margins by monitoring and responding to changes in competitor pricing and promotional activity as they happen. For more information on Profitero price intelligence and competitor monitoring, visit www.profitero.com or email sales@profitero.com

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