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Last Updated: Wednesday, 13 September 2006, 10:57 GMT 11:57 UK
Internet sales boost Next profits
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Next is seeing customers migrate to ordering from home
Next has seen its first-half profits rise 3.6% after a strong performance by its catalogue and internet division offset a drop in same-store sales.

The UK fashion retailer had pre-tax profits of 179m in the six months to 30 June, compared with 173m in the same period a year earlier.

While sales at its Next Directory catalogue and internet arm rose 15.3%, like-for-like store sales fell 7.5%.

The results beat market forecasts and pushed Next shares up 5.8% in London.

Total turnover for the Next group was 1.51bn in the first half of 2006, compared with 1.4bn last year.

Looking towards the end of the year, Next said sales were currently being helped by the cooler weather, but admitted that it saw like-for-like store sales falling between 2% and 5% during the second half of 2006.

It expects overall sales to rise due to new store openings and the continuing popularity of the Next Directory division.


SEE ALSO
Next sales fall but profits rise
23 Mar 06 |  Business
Tough Christmas trading for Next
04 Jan 06 |  Business
Next sees continued tough trading
15 Sep 05 |  Business

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