Analysis: Next’s Lord Wolfson – caution in 2023 but ‘light at end of tunnel’ for retailers

Lord Simon Wolfson, Next

A profit upgrade but reduced expectations for the year ahead – what to make of Next’s Christmas update? Chief executive Lord Wolfson unpicks the trading messages

Apparel and home goods powerhouse Next’s Christmas stocking was fuller than expected after shoppers splashed out over the festive period.

A near-5% uplift in sales, powered by stores, led Next to increase profit expectations for this year by £20m to £860m.

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