Britain's Next raises profit outlook on strong recent trading

LONDON, Sept 17 (Reuters) - British clothing retailer Next raised its profit outlook for the second time in two months on Thursday as it reported strong recent trading.

Next said its central scenario now assumes a full year 2020-21 pretax profit of 300 million pounds ($388 million), up from its view in July of 195 million pounds but sharply down from the 729 million pounds made in 2019-20.

The group said full-price sales in the last seven weeks were up 4% on last year, which it said was driven by recent cool weather and fewer overseas holidays.


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