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.
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Feb- 2024 -26 FebruaryHigh Street
Next mulls Body Shop rescue bid
Next has reportedly approached administrators with plans to acquire some of The Body Shop’s assets, according to Sky News. The news comes shortly after The Body Shop collapsed into administration, with administrators at FRP Advisory announcing they expected to close nearly half of The Body Shop’s 198 stores at the…
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19 FebruaryNews
Joe Browns appoints new CEO
Joe Browns, the fashion and homes retailer, has announced that Dawn Bannerman has joined as chief executive officer with immediate effect. Bannerman joins from laredoute.co.uk, where she held the position of chief commercial officer and prior to that, chief marketing officer for the UK subsidiary of the French business La…
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7 FebruaryNews
Today’s news in brief-7/2/24
Amazon’s Luxury Stores in Europe have partnered with resale platform Hardly Ever Worn It to offer pre-owned luxury items across various categories. This collaboration aims to provide customers in the UK, Germany, Spain, and Italy with access to high-quality, designer goods that have hardly been worn. Hardly Ever Worn It…
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7 FebruarySupermarkets
Sainsbury’s unveils ‘Next Level’ strategy
Sainsbury’s has announced its latest strategy ‘Next Level Sainsbury’s’, aiming to build on its Food First Strategy it launches in 2020. The company has laid out eight commitments which it aims to achieve by March 2027. These include; having food volume growth ahead of the market, delivering profit leverage from…
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2 FebruaryPeople Moves
Mamas and Papas names new CFO
Mamas and Papas has announced the appointment of Sarah Ashby, Asda’s former finance executive, as its new chief financial officer. The news comes as the retailer aims for a record year after reporting a successful Christmas trading period in 2023. Ashby, who officially joined the retailer on 19 January, most…
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Jan- 2024 -19 JanuaryAnalysis
How the Red Sea crisis could impact UK retail
Earlier this month, Next experienced supply chain delays on the Red Sea, citing “difficulties with access to the Suez Canal”. The retailer, along with other big-brand names on the high street like Poundland, fear that it may be one of the main risk factors for the year ahead, alongside the…
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11 JanuaryNews
Sainsbury’s in talks with Gov over Red Sea shipping delays
Sainsbury’s is reportedly in talks with the UK government to mitigate possible shipping delays due to unrest in the Red Sea, according to Bloomberg. Bloomoberg understood that the chief executive of the retailer, Simon Roberts, said the business is working hard to make sure the latest intelligence is understood and…
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5 JanuaryNews
Today’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will negotiate on pay, hours, and holidays annually for employees across 356 convenience stores and 77 Leon restaurant sites. Asda’s Chief People and…
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5 JanuaryClothing & Shoes
Next boss warns of stock delays due to Red Sea attacks
Next chief executive Lord Simon Wolfson has warned of stock delays as a result of the attacks on cargo ships in the Red Sea. Wolfson told The Guardian that while the current situation is a “minor inconvenience” it could become a major problem this year if it continues. Attacks from…
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4 JanuaryNews
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…
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