Next: Retail giant notches up surge in half-year sales  but warns about wider UK economy - video Dailymotion

Yorkshire Post

Retail giant Next has notched up a surge in half-year sales and profits but warned the wider UK economy “does not look favourable” amid muted growth and rising unemployment. The group reported a 13.8% rise in pre-tax profits to £515 million for the six months to the end of July as total full-price sales lifted 10.9%.

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00:00Hello, I'm Greg Wright from the Yorkshire Post.

00:04The retailer Next has notched up a surge in half-year sales and profits,

00:09but warned that the wider UK economy does not look favourable amid muted growth and rising unemployment.

00:17The group reported a 13.8% rise in pre-tax profits to £515 million for six months end of July,

00:26as total full-sale prices increased by 10.9%.

00:31But it warned that UK sales growth will pull back sharply to 1.9% in the final six months of its financial year,

00:40against growth of 7.6% in the first half.

00:44My name's Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.

Next: Retail giant notches up surge in half-year sales but warns about wider UK economy

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