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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May- 2020 -7 MayCoronavirus
Zalando anticipates FY sales growth of 10% to 20%
Online fashion retailer Zalando has revealed it is expecting an increase in its full year gross merchandise (GMV) volume by between 10% and 20%, despite a slowdown in sales in March due to the Covid-19 pandemic. The online retailer expects to continue to “grow profitably” and therefore anticipates an adjusted…
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5 MayAdvice
Supermarket Peep: a glimpse at UK shopping behaviours in the now
As we sit in our make-shift offices, attempting to keep a work-life balance and ponder where we will go on our permitted once daily exercise, it’s hard to walk past the local parade of shops or high street and not wonder when or even if normality will ever be the…
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Apr- 2020 -30 AprilCoronavirus
Next and Dixons urge government for furlough clarity
Retailers Next and Dixons Carphone have called on the UK Government to clarify the exit strategy for its furlough scheme. According to The Telegraph, bosses at the firms are concerned that a quick shutdown could lead to a high level of redundancies before they can fully resume regular operations. Currently…
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29 AprilBusiness Bites
The aviation industry is now in very serious trouble
In a sign of just how distressed the aviation industry is, British Airways has announced plans to lay off 30% of its workforce, or about 12,000 employees, and says it expects it to take several years before passenger volumes return to 2019 levels. The chief executive, Alex Cruz, wrote to…
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29 AprilCoronavirus
Next warns of ‘faster and steeper’ hit to sales amid Covid-19 crisis
Retail giant Next has revealed the impact of the Covid-19 lockdown on trading has been “faster and steeper” than anticipated as it reports a 41% plunge in full-price sales in its first quarter results. In the period from 26 January to 25 April, Next reported a 52% fall in high…
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27 AprilBusiness Bites
Lockdown to persist says Johnson, clergy weigh in on behaviour of corona-corporations
The PM is back at his desk and says the lockdown must continue for the foreseeable future, and it would be premature to consider lifting now. After having been struck down with COVID-19 himself – and ending up in intensive care – the premier has finally convalesced and spoke from…
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14 AprilCoronavirus
Next reopens online operations amid Covid-19 crisis
Next has announced the reopening of its website after a two-week shut down amid the coronavirus pandemic. The company made the decision to temporarily cease online orders on 26 March after concerns about the health and safety of its warehouse employees were raised. The fashion retailer will resume online operations…
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Mar- 2020 -27 MarchCoronavirus
Next and TK Maxx halt online operations
Retail giants Next and TK Maxx have both announced the temporary closures of their online operations amid the ongoing coronavirus crisis. Next announced it had made the “difficult decision” to temporarily close its online, warehousing and distribution operations for the foreseeable future The retailer said that it had “listened very…
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26 MarchBusiness Bites
Wetherspoons’ boss was right to withhold wages
The media and the Twitterati have had a field day vilifying the founder and owner of pub chain Wetherspoons over his decision not to pay his staff in light of the coronavirus restrictions. Tim Martin had sent an email to his 43,000 staff saying he could not afford to pay…
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24 MarchCoronavirus
Covid-19: UK retail spending to fall by £12.6bn
The impact of the coronavirus pandemic will wipe £12.6bn from retail sales this year, according to the latest forecast by GlobalData. The data and analytics company said that the figure was the equivalent of Aldi’s total UK sales last year. The total retail market for 2020 is now expected to…
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