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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Mar- 2019 -21 MarchClothing & Shoes
Next sees profits dip as store sales continue to fall
Next has announced a dip in its annual profits as the decline of its physical store sales continues. The fashion retailer’s pre-tax profits for the year to January were in line with expectations at £722.9m, a fall of 0.4%, this was attributed to store sales decreasing by 8% from…
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19 MarchAdvice
Hard times on the high street
The widespread impact of digital is a daily reality, but few cases have been so apparent to the everyday consumer than the disruption of retail. This trend has contributed to familiar retail names like Toys R Us, BHS and HMV falling into the hands of administrators, at risk of joining…
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6 MarchClothing & Shoes
Ann Summers seduces former HoF and Game directors
Ann Summers has appointed Game’s chief marketing officer Natalie Amosu and House of Fraser’s former product and trading director Marian Collins, to newly created roles. Collins is expected to work with current managing director Vanessa Gold and chief executive Jacqueline Gold, while it is uncertain which department Amosu will work…
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Feb- 2019 -11 FebruaryHigh Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since Christmas day, according to new data from real estate data service Altus. Oddbins, Patisserie Valerie, Greenwoods, Chapelle, tReds and HMV have all entered administration, with the music and film retailer…
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7 FebruaryClothing & Shoes
Click-and-collect market to grow to £9.8bn by 2023
The UK click-and-collect market is set to rise 45.8% over the next five years to reach £9.8bn by 2023, according to analytics company GlobalData. However, growth is expected to slow as the fulfilment method matures and services offered by retailers are optimised. The company’s latest report, ‘Click & Collect in…
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Jan- 2019 -28 JanuaryEconomy
Online retail tax could be unlawful under EU rules, Treasury warns
The government has said taxing online giants, like Amazon, through a sales tax could be illegal under EU rules. Under European Union State aid rules it is illegal for EU countries to give financial advantage to some companies and not others in a way which could distort fair competition. The…
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24 JanuaryEconomy
Retail spending bounces back in December despite ‘tough’ festive period
Retail spending bounced back in the UK in December 2018 after a tough November as GlobalData’s total retail index rose by 11.5 points versus the previous month. The company’s latest report ‘UK Monthly Spend Tracker – December’ revealed that despite improved spending in the month, many retailers started their sales…
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4 JanuaryComment
Carnage on the shop floor
The pressure on the retail sector has been a consistent staple for investors since the end of the financial crisis, partly as a result of changing shopping habits but also down to rising costs and outdated business models. This has been no better illustrated by the way UK consumers behaved…
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3 JanuaryClothing & Shoes
Next Christmas sales boosted by online surge
Next has revealed better than expected results over the Christmas period despite a 9.2% decline in sales across its bricks-and-mortar stores. However the decline was better than the 13% drop that was forecast by analysts and overall Next reported a 1% rise in full product sales between 28 October to…
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Nov- 2018 -26 NovemberClothing & Shoes
Missguided boss slammed by MPs for Parliamentary no-show
Nitin Passi, the CEO and founder of online retailer Missguided, has been criticised by MPs for refusing to appear in the Houses of Parliament as part of an investigation into fast fashion. In a letter to Passi, MP Mary Creagh chair of the Environmental Audit Committee, said she was “disappointed”…
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