Next's full-price sales for the third quarter were up 6%, slightly higher than predicted, states the retailer in its Q3 summary (ended 24th October 2015).
The retailer describes consumer demand as still volatile, its strong September sales flattered by poor comparatives in 2014.
Retail had a good third quarter, but its comparatives were much less demanding than Next's Directory, states the retailer. Total Next brand sales for the third quarter, including markdown sales, were up 7.3%, as markdown sales grew faster than full-price sales. Total sales for Next Retail were up 5.4%, and Next Directory up 9.8%. Next Directory total sales grew faster than full-price sales mainly due to the timing of the Directory Summer Sale, more of which was sold in the second half of the year.
The company’s forecast performance for the full year remains broadly unchanged.