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		</div><p>Fashion chain Next has upped its annual profit outlook after seeing full-price sales lift 5 per cent in the past three months as the spell of hot weather boosted demand for summer clothing.</p>
<p>The group’s second-quarter sales performance exceeded expectations by £50 million (€59.8 million), and the chain has lifted its full-year profit guidance by £10 million (€12 million) to £860 million (€1.03 billion).</p>
<p>Total sales jumped 5 per cent in the three months to July 30th compared to last year, and leapt 23.8 per cent higher versus to the same period in 2019 before the pandemic struck.</p>
<p>In-store retail has had a “renaissance” while growth in online shopping ground to a halt, the retailer said.</p>
<p>The post-pandemic resurgence in retail also boosted sales of formal wear as demand for social events spiked, while lockdown winners like home and sportswear dwindled.</p>
<p>But Next expects the unusually warm weather to subside and the impact of soaring inflation on consumer spending to worsen, dampening sales in the second half of the year.</p>
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