Next Plc Raises Profit Forecast Amid Retail Surge

British retailer Next Plc has raised its annual profit guidance for the third time this year, now expecting to exceed £1 billion, driven by a 7.6% increase in full-price sales during the third quarter. This surge in sales has been attributed to the early arrival of colder weather, contrasting with last year's warmer autumn. The company's stock rose by 1.6% following this announcement. Next's performance is part of a broader positive trend in the UK retail sector, as shown by the Office for National Statistics reporting a 1.9% increase in total retail sales over the three months to September. Analysts note this growth is significant amid weakening consumer confidence due to anticipated tax increases. The retailer's success demonstrates resilience in an uncertain economic environment.