Trading Update

Next PLC 2 May 2000 NEXT plc -------- Trading update -------------- On 23 March 2000 NEXT plc announced its results for the year to January and details of its sales performance in the first seven weeks of the current financial year. The company will be meeting with shareholding institutions prior to its AGM on 17 May and the directors consider it appropriate to issue today a further statement. In the first thirteen weeks of this financial year sales in NEXT Retail are 9 1/2 per cent. ahead of the previous year. Like for like sales in the 278 stores which have been trading for at least one year are 3 per cent. ahead. NEXT Directory sales for the first thirteen weeks are 8 per cent. ahead of the previous year. Taken together, sales for the NEXT Brand are 9 per cent. ahead of the previous year. On 23 March 2000 the company also announced, as part of its ongoing strategy, its intention to buy back up to 10 per cent. of its own shares. Since that date the company has purchased 23 million of its shares, representing 6.1 per cent. of those in issue, at a total cost of £117.4 million.

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Next (NXT)
UK 100