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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Mar- 2022 -28 MarchComment
How reseller abuse negatively impacts retailers’ customer experience
Picture the scene: your favourite brand advertises a drop of limited-edition trainers that will hit their site at midnight. There’s huge hype around the launch and as a loyal customer you are ready and primed to place your order the second the product is released. But, when the moment arrives,…
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24 MarchClothing & Shoes
Next hit with £85m sales loss amid Ukraine and Russia closures
Next has revealed it has lowered its sales guidance for the financial year 2022/23 to £85m, down 2% following “anticipated losses overseas” amid the closure of the company’s websites in Ukraine and Russia. The company has also lowered its profit guidance by 1.2% to £10m following the loss of £18m…
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15 MarchClothing & Shoes
Gap opens first UK shop-in-shop on Oxford St with Next
Gap Inc. and Next Plc announced the opening of the first Gap-branded shop-in-shop within Next’s largest West End store on London’s Oxford Street, as part of a new joint venture franchise relationship between the two companies. The venture will also see Next manage Gap’s e-commerce business as well as further…
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9 MarchClothing & Shoes
Next to open new department style store at Old Trafford Centre
UK fashion and home retailer Next has signed a new 10-year lease with Trafford Centre to create a large, new department style store, expected to open in November 2022. The new store will “significantly” upsize the brand’s presence in the centre, bringing its fashion, beauty and home offering together in…
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Feb- 2022 -17 FebruaryClothing & Shoes
Hotter FY22 revenues rise to £51.9m
The Unbound Group has reported a 16% increase in revenues for its subsidiary, Hotter Shoes (Hotter), in the financial year ending 30 January 2022 (FY22), up from £44.5m in FY21 to £51.9m. Hotter has also announced a partnership with M&S to sell Hotter products on the ‘Brands at M&S’ platform,…
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16 FebruaryClothing & Shoes
Reiss to widen online offering through Next Total Platform
Reiss is set to launch a new, revamped website through Next Total Platform, which will enable a host of service upgrades for its online customers. The site is set to launch tomorrow (17 February) and the brand said the site’s look and feel will “remain true to Reiss’ distinctive aesthetic”. …
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7 FebruaryFeatures
Rising from the ashes: How retailers can come back even stronger in 2022
If 2020 was the year of unprecedented events, then 2021 was the year of the aftermath. Even at the beginning of the year, when we hoped the worst of the pandemic was over, lockdown restrictions stopped many retailers and brands in their tracks. For those with a physical-only presence, the…
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Jan- 2022 -27 JanuaryAdvice
Have Employment Grievance Procedures passed their use-by date?
They are intended to provide a framework for resolving issues at work but do they generally succeed in the longer term? I don’t think so in many instances. It starts with a prospective complainant thinking through the risks. Might the matter be seen as a whinge by a disloyal member…
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13 JanuaryCoronavirus
Next cuts sick pay for isolating staff who are unvaccinated
Next has reportedly cut sick pay for staff who are unvaccinated and are forced to isolate due to contact with someone who has tested positive, according to the BBC. The BBC said that staff who are unvaccinated and test positive themselves will still get full sick pay. It added that…
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7 JanuaryClothing & Shoes
Sosandar reports record Q3 revenues
Sosandar has hailed a “record” Q3 with revenues up 22% year-on-year, its first EBITDA positive quarter and trading in line with the recently upgraded market expectations. For the three-month period ending 31 December 2021, revenues increased to £8.85m as its active customers increased by 62% year-on-year to 213,715. The retailers…
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