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- 2021 -22 JanuaryM&A
Next pulls out of Arcadia race
Next has allegedly withdrawn from the race to acquire Arcadia Group, after the store was unable to meet the price tag for Topshop and Topman. According to The Times, Topshop, which is one of Acardia’s most coveted brands, was said to be valued between £250m and £300m – a sum…
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20 JanuaryHigh Street
Arcadia to close 31 stores, 700 jobs lost
Arcadia, Sir Phillip Green’s retail empire, is set to close another 31 stores after going into administration in November, which will reportedly result in the loss of 700 jobs. The latest round of closures, which was first reported by The Times, will include the closure of all 21 of the…
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18 JanuaryHigh Street
Next in the lead for Arcadia Group
High street retailer Next is allegedly the lead bidder in the race to buy Arcadia Group out of administration, The Sunday Times reports. Next, which is headed by Simon Wolfson, is said to be bidding for the group with US hedge fund Davidson Kempner. However, the pair face competition from…
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11 JanuaryFeatures
What’s next for Primark?
Primark’s opening statement for 2021 had a slightly more sombre tone than you would expect from one of the UK’s reigning fast fashion champions. In a brief statement issued by its parent company Associated British Foods, the store revealed how it now expects to lose and additional £220m in sales…
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6 JanuaryNews
M&S close to Jaeger deal
Marks and Spencers is reportedly close to signing a deal to purchase Jaeger from Philip Day’s Edinburgh Woollen Mill group which collapsed into administration last year. According to Sky News, M&S could reach an agreement to acquire the store as early as this week. In November last year the store…
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5 JanuaryNews
Next reports better than expected Christmas sales
Fashion retailer Next has revealed its sales in the nine weeks to 26 December were down 1.1% on last year, a figure which is “much better” than what the store predicted in October. In a post-Christmas trading statement the brand said the “benefit of better sales” in November and December…
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Dec- 2020 -11 DecemberClothing & Shoes
Administrators place £200m price tag on Topshop
Administrators for Arcadia are reportedly seeking a price tag of £200m for the firm’s Topshop brand and are looking to agree a deal before Christmas. According to The Guardian, administrators Deloitte are expecting to receive initial bids for the brand by the end of next week (18 December). Online retailer…
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Nov- 2020 -3 NovemberClothing & Shoes
Laura Ashley returns to high street with Next partnership
Laura Ashley is set to return to the UK high street next year with a new partnership with Next, which will sell its homeware products and will launch a series of new stores. According to The Guardian, the clothing and home furnishing retailer said it will reintroduce its homeware via…
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Oct- 2020 -28 OctoberClothing & Shoes
Next Q3 sales fall 17%
Fashion retailer Next has reported a 17.9% decline in Q3 amid the continued impact of the coronavirus pandemic. The firm said its markdown sales were 12.3% lower than last year attributing to “lower footfall” in retail stores and “capacity constraints” in the online warehouses. Cash flow forecast increased by £25m,…
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2 OctoberClothing & Shoes
M&S launches third-party fashion brand partnership
Marks and Spencer has begun stocking independent fashion brands on its site, with debut partner Nobody’s Child launching yesterday (1 October). According to The Guardian, the decision, initially announced in May, seeks to “reinvigorate” the retailer’s “struggling clothes arm” by widening its customer appeal. Nobody’s Child markets itself as “eco-conscious…
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