Next Raises Guidance as British Retailer’s Sales Soar Abroad

Next Plc raised its guidance for the year after the British fashion and homewares company said shoppers ordered more of its products from abroad.

The shares rose almost 9 percent in early London trading, after the retailer said full-year pretax profit is now expected to reach £980 million ($1.3 billion), up from previous guidance of £960 million. It maintained that annual group sales will rise 6 percent.

Next said full price sales rose 3.2…