Next successfully moved to the digital age
Next's indicators are often considered as the "barometer" of the fashion sector in the UK. A new quarterly report of this company showed an excellent situation in the industry. The company's marks exceeded its forecasts. For the second quarter, Next's total sales gained by 4%, which turned out to be much better than its slight decrease, which the company itself had predicted. It happened even though Next sales in traditional stores reduced by 4.2%. Selling increased due to online sales, which jumped 12%. By mid-morning, of August 5, trading on the London Stock Exchange, Next shares (LON: NXT) became the growth leader among the stocks of companies covered by the FTSE index. Next shares value ramped up by 7.8%, although the FTSE index lost 0.3%. In other European markets, there is no precise dynamics of upsurge or decline before the announcement of the Fed decision and the press conference of Jerome Powell. After a sharp downfall on Tuesday, the Stoxx 600 i...