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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Nov- 2022 -10 NovemberHigh Street
Next Boss urges gov to allow more overseas workers
Next CEO Simon Wolfson has urged the government to allow more overseas workers into the UK on account of the country’s current “chronic” labour shortages, according to the BBC. As a pro-Brexit Conservative peer, Wolfson’s calls on the government to alleviate staff shortages through immigration come as the UK’s current…
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9 NovemberAdvice
How retailers can win customers in a more challenging climate
As we enter this critical period of the year for retailers, they are faced with a series of new challenges dampening consumer confidence. The impact of inflation with consumers facing real term pay cuts, increased energy costs, surging mortgage bills and now the highest interest rate hike in more than…
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9 NovemberOnline & Digital
Next snaps up Made.com brand following collapse
Next has acquired the Made.com brand for £3.4m following the furniture retailer’s collapse into administration, which may see the loss of up to 500 jobs. It comes as MDL, Made’s operating subsidiary, appointed Zelf Hussain, Peter David Dickens and Rachael Maria Wilkinson of PwC as administrators of the group. Following…
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7 NovemberHigh Street
Made.com expected to fall into administration this week
Made.com is reportedly expected to enter administration early this week (7 November) after failing to find a buyer. According to reports it is thought that fashion retailer Next is the current frontrunner to acquire the Made brand name, with PwC set to oversee the sale of its intellectual property. The…
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7 NovemberClothing & Shoes
Mamas & Papas revenues jump 17% in H1
Mamas and Papas has reported that its revenues grew 17% in the six months to September, with the group’s continued expansion of its UK retail space driving “strong” sales growth despite a challenging environment for consumers. The group posted sales of £126m in its last full financial year ended 27…
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7 NovemberClothing & Shoes
N Brown appoints new director of design
N Brown Group has announced the appointment of Helen Low as the group’s new director of design. Low, who is currently head of design at Joules, will join on 21 November 2022. The appointment is in line with existing succession plans for the group’s current director of design, Neil Hendy,…
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Oct- 2022 -24 OctoberHigh Street
Lenders prepare to take control of Matalan as bid deadline hits
Lenders are reportedly preparing to take control of Matalan after the deadline for its rescue bids was hit last Friday (21 October). According to The Telegraph, the bondholders who are owed £350m by Matalan “effectively control the business” after it failed to refinance the debts earlier this year. The Telegraph…
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18 OctoberOnline & Digital
Sosandar revenues soar 72% in H1
Sosandar has delivered a strong performance in the first half of the year, with revenues soaring 72% to £20.9m as the group benefited from its “strategy, unique product offering and increasing brand awareness”. According to the online fashion retailer, trading throughout the period has been strong, with the group welcoming…
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Sep- 2022 -30 SeptemberClothing & Shoes
Joules says turnaround plan is ‘going well’ amid CVA rumours
Lifestyle retailer Joules has confirmed that it has appointed Interpath Advisory to help the company with its turnaround plan. The retailer confirmed the news in a statement released yesterday (29 September) which revealed that the financial advisors are “assisting the board with an initial assessment of certain elements as part…
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29 SeptemberClothing & Shoes
Next cuts sales and profit guidance
Next plc has reported that its profit before tax is up 16% compared to the previous year at £401m, and up 22% compared with 2019 despite issuing its second profit warning this year. The company said the profit warning is due to soaring inflation and a devaluation of the pound…
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