General · 29 October 2025
Next Reports Continued Growth Following M&S Cyberattack as Rival Faces £300 Million Loss
Fashion retailer Next reported a 10.5% rise in full-price sales for the 13 weeks to 25 October, prompting it to raise its full-year profit forecast to £1.135 billion. The company said improved stock availability, warm autumn weather, and “competitor disruption” — a reference to Marks & Spencer’s cyber-attack — contributed to strong UK performance. Meanwhile, M&S said the attack would cost around £300 million in lost operating profit, with online operations likely disrupted until July.
Reported by Irishtimes · How we write briefs