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New stores saves the day

05 Jan '06
1 min read

High street fashion chain Next, facing a tough Christmas season, was able to squeeze in marginal profits after new stores chipped in with their contribution.

Next, rallied from its worst high street performance in a decade and along with its 85 new shops, raised sales by 9.8 percent.

The buoyancy has made Next optimistic to forecast pre-tax profits estimated between £435 million and £450 million, going up on last year's figure of £423 million, with shares up 8 percent.

Increased number of stores supported New Look, the UK's third largest womens wear company, to post a 9.2 percent rise in sales.

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