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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Aug- 2021 -9 AugustHigh Street
Forever New opens first UK store
Australian fashion retailer Forever New has opened its first store in the UK in Meadowhall Shopping Centre, Sheffield. Forever New said its collections are a ”unique blend of seasonal trends, feminine silhouettes, and of-the-moment detailing”. The initiative comes after the launch of the retailer’s international website in 19 countries in…
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5 AugustHigh Street
Next store staff step closer to equal pay victory
Next has conceded that it can compare the roles of its store workers and distribution centre and warehouse employees, bringing the workers’ equal pay claims one step closer to success. Over 400 Next staff members brought the case against the retail group, stating that shop floor work is equally as…
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Jul- 2021 -21 JulyHigh Street
Next upgrades profit guidance
Next has revealed it is raising its profit guidance for the rest of the year after beating its expectations for full price sales, with a rise of 19% in the last 11 weeks compared with figures posted two years ago. The fashion retailer said it originally assumed an increase of…
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Jun- 2021 -21 JuneDepartment Stores
John Lewis faces criticism over third-party fees
Department store chain John Lewis has reportedly faced criticism from third-party brands for the fees it charges to stock their products. According to the Sunday Times, third party brands currently pay up to 50% of every sale to John Lewis in commission and fees. The paper also said that one…
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May- 2021 -25 MayOnline & Digital
Sosandar raises £5m in share in placing
Online womenswear brand Sosandar has revealed it has raised over £5m through an “oversubscribed” share offering. The AIM-listed company proposed placing on 24 May and which closed earlier this morning (25 May) of 26,190,210 new ordinary shares of 0.1p each which was conducted via an accelerated bookbuild at a price…
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17 MayClothing & Shoes
Mamas & Papas extends Next partnership
Mamas and Papas, a nursery and childrenswear retailer, has announced plans to extend its concession partnership with Next. The decision follows strong footfall therefore and sales performances since the easing of lockdown restrictions in April. In turn, the group has opened a 2,000 sq ft space in Next’s Brent Cross…
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6 MayClothing & Shoes
Next increases full-year profit guidance to £720m amid sales surge
Next has increased its pre-tax profits guidance for the full year to £720m from £700m after seeing a surge in sales. The retailer previously forecasted that in its 13 weeks to 1 May, sales would be down by 10%, however due to a 65% increase in online sales and Covid-19…
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Apr- 2021 -21 AprilClothing & Shoes
Next CEO pay rises 28% despite falling profits
Lord Simon Wolfson, chief executive at Next, saw his pay increase 28% to nearly £3.4m in FY20, despite the company profit before tax falling 53% year-on-year for the period. While Wolfson did take a cut to his basic salary and did not receive an annual bonus, the group’s non-executive directors…
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14 AprilNews
Sosandar predicts 35% FY21 revenue growth to £12.2m
Sosandar, the online women’s fashion brand, expects to report a 35% year-on-year revenue rise to £12.2m for the financial year ended 31 March 2021. While the group does expect an EBITDA loss for the year, this is set to be reduced by 60% when compared to 2020’s losses. The e-commerce…
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12 AprilClothing & Shoes
Homebase announces Next partnership
Homebase has announced a new partnership with Next in which its gardening products will be brought to selection of the retailers stores. The partnership will see six Homebase garden centres open in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield Next stores. Homebase is also set to open more of its…
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