Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Amidst the doom and gloom of big high food street retailers, it's great to see the success story of Next stores moving through the gears, poised as they are to make more money this year than Marks & Spencer (MKS) for the first time ever. CEO, Lord Wolfson, noted the performance was “significantly ahead of expectations” and announced the company will pay a £75 million special dividend to shareholders to distribute surplus cash.
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