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High street giant has bumper Christmas but remains cautious amid worsening jobs market
One of the UK's largest clothing retailers has reported a bumper Christmas but warned of a slowdown.
The update from department store Next, considered a good indicator of the health of the high street, contrasts with the fortunes of Claire's and The Original Factory Shop (TOFS), which are on the brink of collapse with more than 2,000 jobs at risk. Next has, for the fifth time in a row, increased its profit guidance, believing it will have a pre-tax profit of £1.15bn for the year to 31 January, £15m more than expected, thanks to strong sales in the run-up to Christmas.
Money blog: Three major pension reforms happening in 2026 The company again said it was boosted by the cyber attack on rival Marks and Spencer, "very favourable summer weather.
Amir Nisi
Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.
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