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- 2022 -6 JanuaryClothing & Shoes
Next Christmas sales beat outlook by £70m
Next has revealed that during the peak Christmas period to 25 December 2021, the retailer recorded £70m more sales than previously expected. As a result of the uptake in sales, the group has increased its full-year pre-tax guidance by £22m to £822m. The group was originally expecting sales growth in…
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Nov- 2021 -15 NovemberSupply Chain
Supply chain issues to last until 2023, APB warns
Supply chain issues could continue into 2023, the chief executive of the Association of British Ports (APB) has warned. According to the Sunday Times, APB CEO Henrik Pedersen, said he would be “pleasantly surprised” if the supply chain crisis was resolved before the end of next year, citing the fact…
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3 NovemberClothing & Shoes
Next predicts sales slowdown as supply chain issues continue
Next has warned that it expects its sales growth to slow throughout the remainder of the year as pent‐up demand begins to diminish and supply chain problems continue to affect trade. Despite stock availability improving, the retailer said it still remains a “challenge”, with delays in the international supply chain…
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Oct- 2021 -25 OctoberOnline & Digital
Very wins UN award for empowering women in Indian textile industry
The Very Group has won the community engagement and partnerships category at the India United Nations Women’s Empowerment Principles (WEP) Awards for its work in empowering young women in the country’s textile industry. The award recognises Very’s work to establish five resource centres in southern India, which has helped to…
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Sep- 2021 -29 SeptemberDepartment Stores
Next raises guidance but warns of staff shortages
Next has raised its full-year guidance following a strong performance in its half-year results, and now expects its profit-before-tax to be £800m, up 6.9% against 2019, £36m ahead of its previous guidance of £764m. The group also anticipates its full price sales guidance for the rest of the year to…
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20 SeptemberClothing & Shoes
Gap to return to the UK with new Next partnership
Next has announced that it has finalised an agreement with Gap to manage the business in the UK and Ireland as a franchise partner. Under the agreement, the companies will form a joint venture to operate Gap’s e-commerce business across the Next total Platform, host Gap-branded shop-in-shops at select retail…
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17 SeptemberClothing & Shoes
Reiss swings to £13.6m FY21 loss
British fashion brand Reiss has announced that it swung to a loss before tax after exceptional items of £13.6m in FY21, down from profits of £20.1m the year before. The group also reported a 24.6% year-on-year fall in revenues to £170.7m for the 52-week period ended 30 January 2021. Reiss…
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2 SeptemberPeople Moves
Next names Soumen Das as non-exec director
Next has announced the addition of Soumen Das to the group’s board as an independent non-executive director. Effective as of 1 September, Das’ appointment is set to strengthen the board’s knowledge and experience of the UK property and capital markets. His sector expertise is intended to replace that of Francis…
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Aug- 2021 -17 AugustAnalysis
Consumers prefer face to face when it comes to buying cosmetics
There’s no doubting e-commerce’s convenience. Next-day delivery used to be the pinnacle of fast, efficient service but with the growing range of same-day delivery options and even within-the-hour services in the grocery space, any whim can be sated in a matter of minutes. But convenience isn’t everything and despite e-commerce…
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16 AugustClothing & Shoes
Jack Wills founder to relaunch Aubin with Next support
The founder of Jack Wills is reportedly set to relaunch the menswear brand Aubin in partnership with Next. According to The Times, Peter Williams’ Jack Wills “offshoot” will begin trading through its first new high street shop in Soho, while also selling online. Next will take a 33% stake in…
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