Next PLC
17 May 2000
Contact: David Jones, Chief Executive
David Keens, Finance Director
Next plc
Tel: 0116 286 6411
Alistair Mackinnon-Musson
Philip Dennis
Hudson Sandler
Tel: 020 7796 4133
NEXT PLC
AGM Current Trading Statement
At the Annual General Meeting held today, 17 May 2000,
the Chairman of Next plc will make the following
statement:
'In March we announced our results for the year to
January 2000 and details of our sales performance in the
first seven weeks of the current financial year. A
further statement on current trading was made on 2 May.
The two weeks since then have been exceptionally strong.
As a result, in the first 15 weeks of this financial year
sales in NEXT Retail are 11% ahead of the previous year.
Like for like sales in the 276 stores which have been
trading for at least one year are 5% ahead. NEXT
Directory sales for the first 15 weeks are 9% ahead of
the previous year.
Taken together, sales for the NEXT Brand are 10.5% ahead
of the previous year.
In March we also announced, as part of our ongoing
strategy, the intention to buy back up to 10% of our own
shares. Since that date the Company has purchased for
cancellation 37.4 million of its shares, representing 10%
of those previously in issue, at a total cost of £191.8
million. The Company now has 337 million shares in
issue'
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