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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Dec- 2022 -2 DecemberAnalysis
A ‘fall from grace’: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
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2 DecemberHigh Street
Next partners with Tom Joule to acquire Joules
Joules has confirmed that its founder Tom Joule has partnered with Next Plc to acquire the majority of assets of Joules via a newly formed company out of administration for a total cash consideration of £34m. In addition, Next has acquired the current Joules Head Office for £7m cash. Next…
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1 DecemberHigh Street
Foschini eyes Joules rescue deal
The Foschini Group is reportedly close to agreeing a deal to acquire the majority of collapsed retailer Joules’ stores and assets, according to Sky News. If the deal goes ahead, it is likely to see roughly a quarter of Joules’ 132 shops closed, with the loss of “several hundred” jobs.…
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Nov- 2022 -28 NovemberProperty
Oxford Street to see 1m sq ft of retail spaces converted to offices
London’s Oxford Street is set to see 1.32 million sq ft of new office schemes proposed for delivery in the next five years, in a move that has been called a “generational change” by Savills. Analysis from Savills found that the extent of potential in the conversion of former retail…
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24 NovemberOnline & Digital
Made.com to repay 2% of £187m owed at time of collapse
Made.com collapsed into administration owing a total of £186.6m to unsecured creditors and is set to repay less than 2% of this, according to new documents from its administrators. In its latest filings with Companies House, PwC said it only expects to pay out 1.6p in the pound to creditors…
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23 NovemberClothing & Shoes
Banana Republic to be sold by Next
Gap has announced that it has reached an agreement with Next to extend its joint venture and sell its Banana Republic and Athleta brands in the UK and Republic of Ireland through the retailer. Banana Republic, a global apparel and accessories brand for attainable luxury and heritage classics, will launch…
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22 NovemberClothing & Shoes
Crew clothing eyes Joules takeover
Crew Clothing’s owner and majority shareholder is reportedly considering acquiring embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…
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17 NovemberFeatures
Geoff Lloyd warns on expected ‘greater demand’ this Black Friday
What led to you becoming director of retail and what responsibilities come with the role? My career began on the shopfloor at Next where I fell in love with the industry. Technology was starting to have an impact on how retail worked, which was something that I found fascinating. This…
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15 NovemberSport & Leisure
Next announces new partnership with Fanatics
Next has announced a new connected inventory partnership with digital sportswear seller Fanatics which will allow it to sell officially licensed sports merchandise. For the first time in Europe, Fanatics will partner with a major retailer to give its customers access to thousands of products from the top leagues and…
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11 NovemberClothing & Shoes
Ralph Lauren welcomes ‘better than expected’ Q2
Ralph Lauren has welcomed “better than expected” trading in Q2, as revenues grew by 5% to $1.6bn (£1.36bn) over the period despite macro-economic pressures. The luxury fashion brand delivered “strong” revenue growth in both its Core business, up mid-teens to last year, and high-potential categories, including Women’s, Outerwear and Home,…
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