LONDON, July 29 Next, Britain's second
biggest clothing retailer, raised its guidance for annual sales
and profit for the second time in three months after a strong
second quarter performance, helped by favourable weather and new
The group, which trades from over 500 stores in Britain and
Ireland and about 200 stores in more than 40 countries overseas,
as well as through its Directory internet and catalogue
business, said on Tuesday it now expected a 2014-15 pretax
profit of 775-815 million pounds ($1.32-$1.38 billion).
That compares to previous guidance of 750-790 million
pounds, and would represent growth of 11-17 percent on the 695
million pounds made in 2013-14.
Next said its total sales rose 10.7 percent in the 26 weeks
to July 26, having been up 10.8 percent in the first quarter.
Store sales rose 7.5 percent, while Next Directory sales
were up 16.2 percent.
Next raised its full year sales guidance to 7-10 percent
from 5.5-9.5 percent previously.
($1 = 0.5892 British Pounds)
(Reporting by James Davey; editing by Kate Holton)