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Next Directory helps the fashion retailer post sales growth

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Next today showed how ecommerce continues to keep its sales in growth mode.

The fashion retailer announced retail sales growth of 0.4% in the third quarter of its financial year. Next Directory sales, by contrast, grew by 10.7%, helping total sales in the quarter to October 26 to grow by 4.3%, its third quarter interim management statement showed today.

In the year to date, retail sales have fallen by 0.5% while directory sales are up by 9.2%, taking total Next brand sales to growth of 3%.

That all helped to lift profit expectations for the year to January 2014. Pre-tax profits are expected to grow during the year by between 4.6% and 9.4% to between £650m and £680m. Sales over the year are expected to grow by between 2% and 3.75%.

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