By  on July 29, 2014

LONDON (Reuters) — Next, Britain's second largest apparel retailer, raised its guidance for annual sales and profit for the second time in three months after a strong second quarter performance, helped by favorable weather and new store openings.

The group, which trades from over 500 stores in Britain and Ireland and about 200 stores in more than 40 countries overseas, as well as through its Directory internet and catalogue business, said Tuesday it now expected a 2014-15 pretax profit of 775-815 million pounds, or $1.32 to $1.38 billion at current exchange.

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