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Can the Next share price defy the odds and grow another 25% next year?

The article from Fool.co.uk discusses the potential for Next's share price to grow by another 25% in the upcoming year, despite the challenges faced by the retail sector. It highlights Next's recent performance, noting that the company has managed to exceed expectations with a 5.4% increase in full-price sales in the nine weeks to December 30, 2023, and a 4.8% rise in pre-tax profit to £918 million for the year ending January 2024. The article points out that Next has consistently beaten its own profit forecasts, which has contributed to a significant rise in its share price. Factors contributing to this optimism include Next's strategic pricing, cost control, and the expansion of its online operations, which now account for over 60% of its sales. However, the article also acknowledges the risks, such as economic downturns, increased competition, and potential shifts in consumer behavior. Despite these challenges, the author suggests that Next's robust business model, adaptability, and strong management could indeed support further share price growth, although it would require the company to continue outperforming market expectations.

Read the Full The Motley Fool UK Article at:
[ https://www.fool.co.uk/2024/12/08/can-the-next-share-price-defy-the-odds-and-grow-another-25-next-year/ ]