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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Jun- 2023 -20 JunePeople Moves
Mango partners with marine biologist to protect the Mediterranean
Mango has announced a partnership with marine biologist and National Geographic explorer Manu San Félix to support the Declaration of the Mediterranean, an initiative promoted by San Félix to protect and restore the Mediterranean sea. Specifically, the Declaration for the Mediterranean will draft a manifesto highlighting the evolution and deterioration…
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20 JuneHigh Street
Next ups FY guidance as sales improve due to good weather
Next is upgrading its full price sales guidance for the full year by £137m and its full year profit guidance by £40m to £835m, as trading in the last seven weeks has proved “materially better” than the guidance it issued in May. This comes as full price sales in the…
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14 JunePeople Moves
Just Hype strengthens management team
Leicester-based Just Hype, a global fashion and accessories brand, has announced the appointment of two new executives to further strengthen its management team. Dave Leigh has been appointed as the new Commercial director, while Melissa Wright has been appointed as the new head of Buying. Leigh brings a wealth of…
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14 JuneClothing & Shoes
Next in talks over £500m Reiss sale
Next is reportedly in talks over a potential sale of fashion chain Reiss, which it currently controls with a 51% stake, in a deal that could value it at over £500m. According to Sky News, Next, alongside fellow Reiss shareholder Warburg Pincus, have entered talks with bankers regarding an auction…
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5 JuneAnalysis
Could WHSmith secure Toys R Us’ success through concessions?
After disappearing from UK high streets and retail parks in 2018, Toys R Us has made plans to relaunch this summer across several locations, as well as in the form of concessions in WHSmith branches. The children’s toys retailer exited after falling out of favour due to strong competition from…
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May- 2023 -23 MayDepartment Stores
Next staff secure ‘significant’ win in equal pay battle
More than 2,000 Next store staff who are taking legal action against the group for equal pay have won the second stage in their legal battle, which has ruled that their jobs are equal to warehouse jobs within the group. The store staff, who are all current or former sales…
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23 MayNews
Aldi crowned Drink Awards ‘Multiple Retailer of the Year’
Supermarket chain Aldi has recently been crowned ‘Multiple Retailer of the Year’ at the Drinks Business Awards. The result, announce at the London Wine Fair, comes after a strong year of innovation for Aldi, with a focus on strengthening its range of homegrown wines, doubling the number of low and…
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19 MayFeatures
Heal’s flagship refurb is ‘a step towards commercial viability’
With Habitat having been acquired by Sainsbury’s early on in 2021 and seeing how Next also bought the scraps leftover from Made.com’s administration process for £3m at the end of last year, it’s does not come as a surprise to hear that GlobalData forecasts a 2.8% dip in the furniture…
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9 MayClothing & Shoes
Regulator to investigate Joules auditor Deloitte
The Financial Reporting Council (FRC) has launched an investigation in relation to Deloitte’s audit of clothing retailer Joules. The investigation will examine Deloitte’s audit of the group’s consolidated financial statements for the year ended 30 May 2021. The retailer fell into administration last year, appointing administrators from Interpath Advisory to…
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4 MayClothing & Shoes
Next maintains guidance despite better than expected sales
Next has maintained its profit guidance for the full-year despite seeing better than expected sales figures for the first quarter. The company stated that its profit before tax is forecast to be £795m and earnings per share is expected to be 501.9p. Full price sales dropped 0.7% for the 13…
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