Next blamed the U.K.'s snow for the loss of £22 million in full-price sales in the run-up to Christmas, but the retailer said it would still increase profits this year by up to 10 percent. Its online shopping business initially benefited from the adverse weather conditions, but demand fell immediately amid concerns over delivery times.
Tesco, Marks and Spencer and Kingfisher will issue trading statements in the next few days.
Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes, it’s completely free.