Next
This coverage explores Next’s business strategy, operations, and performance within the UK retail sector. Reporting covers store and online developments, product ranges, financial results, marketing initiatives, supply chain management, and leadership decisions. With a focus on commercial outcomes and competitive positioning, it provides insights for retail professionals overseeing apparel, home, and multi-channel retail operations.
-
Apr- 2024 -25 AprilSupermarkets
Sainsbury’s predicts profits to hit £1bn
Sainsbury’s has posted a pre-tax profit of £701m, an increase of 1.6% for the year ended 2 March 2024. As a result, the company expects an underlying profit of £1.06bn for the 2024-2025 period, up from the £966m it posted this year. The company saw a 6.8% rise in retail…
Read More » -
22 AprilNews
Gloucester Quays footfall rises 7% in FY24
Gloucester Quays has revealed a record period of sales and footfall performance up 11% and 7% respectively. The outlet is also celebrating its 15th anniversary, going from a new destination in the South West when it launched in 2009, to establishing itself as the dominant retail and leisure hub in…
Read More » -
18 AprilNews
Metrocentre to welcome trio of retail brands
Metrocentre’s Green Mall is set to welcome specialist kitchenware brand ProCook, footwear retailer Clarks, and lingerie brand Victoria’s Secret. ProCook is set to open a 3,326 sq ft space in Metrocentre’s Lower Green Mall later this year. The kitchenware brand will stock a wide range of high-quality cookware, knives, tableware,…
Read More » -
18 AprilClothing & Shoes
Shein revives interest in acquiring Topshop
Shein is reportedly amongst a “number” of retailers still interested in acquiring the Topshop brand from Asos. According to The Times, Asos has received “non-stop interest” from a range of high-profile retailers, including the fast-fashion giant. Authentic Brands Group (ABG), which now owns Ted Baker and Forever 21, is also…
Read More » -
16 AprilHealth & Beauty
Bath and Body Works opens first London store in Westfield
US retailer Bath and Body Works opened its first London location in Westfield this April, following the success of its opening in Manchester. In partnership with Next, the new Westfield store features almost 2,000 sq ft of sales floor space with “a new immersive shopping experience”. As part of the…
Read More » -
11 AprilNews
Today’s news in brief-11/4/24
Ted Baker’s American licensing partner, OSL, is reportedly in pole position to take over the brand’s collapsed UK operation. Administrators have announced the closure of 15 UK stores, leading to over 200 job losses, as part of efforts to salvage the business. OSL’s potential takeover follows the collapse of No…
Read More » -
11 AprilClothing & Shoes
Ted Baker US licence partner eyes UK arm
Ted Baker’s American licensing partner OSL has reportedly emerged as the frontrunner to take over the brand’s collapsed UK operation, according to Sky News. OSL was appointed to run Ted Baker’s US retail business just over a year ago and now looks to be set to run the rest of…
Read More » -
10 AprilClothing & Shoes
Next and Frasers Group mulls bid for Ted Baker
Mike Ashley’s Frasers Group and Next have expressed interest in acquiring Ted Baker, according to the Times. The news comes after the fashion label collapsed into administration and appointed Teneo Advisory as its administrator. Both Frasers and Next have contacted Teneo Advisory to explore a sale of all or parts…
Read More » -
2 AprilNews
Today’s news in brief-2/4/24
Superdry CEO Julian Dunkerton’s plans for a takeover have fallen through, leading to an extension of a £20m funding facility with Hilco. Dunkerton, while remaining committed to the business, does not intend to make an offer, according to a statement on the London Stock Exchange. Talks of a possible equity…
Read More » -
2 AprilNews
FatFace unveils leadership changes following Next acquisition
FatFace has announced several new appointments within its senior leadership team to help drive the business forward following the acquisition by Next back in October 2023. The retailer has created two new roles on the management team – people director and stores director. Both positions are being appointed from existing…
Read More »
