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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Jan- 2024 -4 JanuaryOnline & Digital
Next ups guidance after Christmas trading boost
Next has raised its full-year guidance for the fifth time in eight months, after a period of strong trading over the golden quarter. In the nine weeks to 30 December, sales rose by 5.7% against last year, £38m ahead of its previous guidance of 2% for the period. In light…
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Dec- 2023 -18 DecemberNews
Today’s news in brief-18/12/23
Farfetch is reportedly in advanced talks with a private equity-backed buyer for a last-minute rescue deal. The deal, if successful, would involve taking Farfetch off the stock market in a take-private transaction and would result in the company receiving $500m (£394m) in emergency funding. Talks are ongoing, and while Farfetch…
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18 DecemberClothing & Shoes
Frasers Group in talks to acquire Matchesfashion
Frasers Group is reportedly in talks to acquire Matchesfashion, which sells fashion brands including Balenciaga, Gucci and Valentino, according to reports from Sky News. The company is said to be in detailed negotiations about a deal that could see it take control of the brand within days. City sources told…
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6 DecemberNews
Poundland completes 87 new store opening in 70 days
Next Saturday (9 December) Poundland will complete the opening of 87 new stores in just 70 days as new stores open their doors in 10 locations. Poundland’s biggest-ever single quarterly opening programme has added around 1m square feet of new space as it opened and relocated stores into bigger premises. …
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Nov- 2023 -27 NovemberNews
Made launches first store in Sheffield
Next has announced the opening of the first Made store, as it makes a return to the High Street. The new store opened its doors at Vulcan Road in Sheffield on Friday 24 November. Covering 4,000 sq.ft, the store will offer customers the opportunity to browse a range of design-led…
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17 NovemberNews
Today’s news in brief-17/11/23
HMV is set to make a comeback at its historic Oxford Street location, reopening on November 24, four years after the flagship store closed. The store at 363 Oxford Street, the site of the first HMV store in 1921, will create over 70 new jobs. The refurbished flagship will serve…
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17 NovemberNews
Halfords joins bid to rescue Wiggle
Halfords is reportedly among a group of retailers expressing interest in buying online sports retailer Wiggle, Sky News has reported. The retailer is said to have put up a bid to snap up Wiggle, joining Frasers Group, the owner of Sports Direct and Evans Cycles. Next is also believed to…
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17 NovemberSupply Chain
Next to close Bradford warehouse, 780 jobs at risk
Usdaw has entered into consultation talks with Next as the retailer plans to close a Bradford warehouse, putting 780 local jobs at risk. The news comes as Next wants to centralise its online operations in a bid to improve stock availability. The union said it understood that the clothing retailer…
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14 NovemberNews
Today’s news in brief
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the annual general meeting. The votes against Roney were primarily due to concerns that he was “considered as overboarded,” with a secondary issue related to the gender makeup of the board. Under…
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14 NovemberDepartment Stores
Next defends chair following shareholder rebellion
Next has defended its chair, Michael Roney, after more than 20% of shareholders voted against his re-election at the company’s AGM earlier this year. Back in May, 20.84% of voting shareholders chose to not support his re-election as a director of the company. Under the 2018 UK Corporate Governance Code,…
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