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| | | | 01/08/2012 | BBC, Robert Peston - Next increases annual profit target as sales rise | | | | | Annual profit target upped at Next | | | | | The BBC reports Next has "modestly" increased its full-year profit target after it reported a rise in half-year sales.
The retailer now forecasts to make an annual pre-tax profit of £575m-£620m, up from its previous guidance of £560m-£610m.
It said total sales for the six months to 28 July, the first half of its financial year, were up 4.5%.
Sales via its mail order and online operation rose 13.3%, while sales at its High Street stores were up 0.2%.
Next said overall like-for-like sales - which excludes the impact of new store openings - had fallen, but it did not release an exact figure.
Its complete half-year results will be released on 13 September.
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