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- 2019 -13 AugustEconomy
UK can avoid no-deal ‘Brexit chaos’, says Next CEO
Next CEO Simon Wolfson has said he believes that the UK will avoid “serious disruption” in the case of a no-deal Brexit. Speaking to the BBC’s Today Programme, Wolfson, who supported the Leave campaign in 2016, believes a no-deal Brexit will only lead to “mild disruption”. He said the government’s…
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8 AugustAdvice
Future proofing your brand in the age of the Sci-Fi shopper
When Sci-Fi blockbuster Minority Report’s tech-enriched vision of commerce in the year 2054 hit cinemas seventeen years ago, it was mesmerisingly futuristic. There is a famous scene in which Tom Cruise’s John Anderton character enters Gap and is greeted by the friendly voice of a digitised female avatar with detailed…
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Jul- 2019 -31 JulyHigh Street
Next raises profit forecast after ‘better than anticipated’ Q2
Clothing and home retailer Next has increased its full-year profit by £10m to £725m +0.3% on last year. The increase is expected to add up to £20m extra profits after expenses. Full price sales in the first half of the year up to 27 July, were up 4.3% on last…
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17 JulyAdvice
Four key trends for the rest of the retail year
As retailers strive to find ways to innovate and attract customers back to the high street, we are seeing new trends emerge on the high street. Currently, a growing number of bricks-and-mortar stores investing in their behind the scenes framework and technology platforms in order to improve productivity, efficiency and…
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Jun- 2019 -21 JuneAnalysis
Why ‘out of town’ retailers still matter
In May, we saw the Treasury committee report recommend that banks maintain a physical presence around the country and Dave Lewis, Tesco CEO, discussing the contentious issue of business rates and how the current system doesn’t support growth, to which I completely agree. Pressure is bearing down on the high…
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17 JuneAdvice
Personalised delivery is the future for retailers
The retail and e-commerce marketplace is extremely crowded, with hundreds of brands constantly competing against each other to win basket conversions. It’s no secret that many retailers, especially those based on the UK high-streets, have been struggling over the past few years. Big brands including Debenhams, John Lewis and Mothercare…
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May- 2019 -14 MayHigh Street
Amazon partners with Next for click and collect service
Next and Amazon today announced Next’s participation in Amazon Counter – a new network of pick up points that allows customers to collect their Amazon orders in-store. Pick up from a Counter location at the fashion retailer is available from hundreds of stores across the UK and on millions of…
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1 MayClothing & Shoes
Next sees profits rise following ‘unusually warm’ weather
Next has announced a better than expected profit rise following “unusually warm weather” during the first quarter of 2019. The retailer reported a 4.5% rise on 2018’s figures for full-price sales in the quarter leading up to 27 April. The full-price sales rise falls ahead of the retailer’s initial target…
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Apr- 2019 -18 AprilShopping Centres
Kuwait-based investors acquire 50% stake of Intu Derby
Intu properties and Cale Street Investments LP, an investment firm backed by the Kuwait Investment Office, London, have announced the establishment of a 50/50 joint venture for the Intu Derby shopping centre. The real estate investment firm will acquire for cash the 50% interest for consideration which values their share…
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1 AprilClothing & Shoes
40% of shoppers feel no loyalty to fashion retailers, report finds
Some 42% of UK consumers feel “no loyalty” to any fashion retailer, according to a new report into consumer attitudes. The report by customer engagement, loyalty and lifetime optimisation specialist Ello Media, surveyed 1,000 consumers to discover their expectations surrounding loyalty and the loyalty schemes that brands deliver . It…
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