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	31/10/2012	Drapers, Ruth Faulkner - Solid sales narrows profit guidance for Next

	Solid sales narrows profit guidance

	According to news in Drapers, Next has inarrowed its profit guidance after reporting a 2.7% sales increase in its third quarter as strong sales in late September and early October made up for an unusually quiet August. For the 13 weeks to October 27, its directory business fell, climbing 5.6% compared to year-to-date rise of 10.4%. Next said improvements made to delivery within its directory business at the start of the year had "annualised" However retail strengthened in the period, with sales up 1.1% compared to 0.5% over the year-to-date. Next is now forecasting pre-tax profits of £590-£620 for the full financial year to end-January 2013. Previously it estimated a broader ranging £575m to £620m.

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Solid sales narrows profit guidance