Next has published its trading results for the 54 days to 24th December, revealing full price sales up +1.5% YoY, thanks largely to higher online sales.

This performance has led Next to upgrade its profit expectations.

While the retailer's outlook for the remainder of the financial year remains grounded, its statement reveals its belief that subdued consumer demand will ease during 2018. "We already know that cost price inflation will reduce to 2% in the first half, and believe it will disappear in the second half," states Next.

The retailer's full year results will be published on 23rd March.