Next Ups Profit Guidance on International Growth

Next has said international tastes in fashion are “converging” as tech platforms expose consumers to international trends, boosting the retailer’s overseas sales and helping it close in on £1 billion in annual profits for the first time.

The fashion and homeware retailer forecast its annual profits at £15 million more than previously expected, at £995 million — up from the £918 million recorded in 2023 — after overseas sales rose by 23 percent in the six months to July,…