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Next raises profit guidance as sales boom
Next has increased its full-year profit guidance for the third time this year as sales and profits boomed during its first half.
Online retail the Hut Group has launched a dedicated male beauty site Washbag.com.
The Hut Group said the launch followed a successful trial of main grooming products on its main eponymous site.
Using The Hut Group’s existing technology platform the etailer hopes Washbag.com will be an online leader in the male beauty space in the next 12 months.
The Hut has been extending its reach into new areas as it prepares for a possible floatation with a dedicated accessories site mybag.co.uk launched earlier this year.
Commercial Director, Richard Chapple said: “The Hut Group’s ethos is to deliver market beating service, experience and value to UK & European consumers. The exciting launch of washbag.com is a further step in our expansion, both organically and through acquisition, in to a broad range of fast moving consumer sectors including Health & Beauty, Sports, Footwear, Fashion and Toys.”
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