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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Feb- 2025 -3 FebruaryOnline & Digital
Trouva halts trading as it explores sale of business
Online marketplace Trouva has halted trading while it explores the possibility of selling the business, Sky News has reported. According to Sky, the owner of Trouva Project J is now working with accountancy firm RSM to find a buyer. This would be the fourth sale for the business in less…
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Jan- 2025 -31 JanuaryShopping Centres
Gloucester Quays sees 7.4% sales uptick in FY24
Gloucester Quays has announced a “record” Christmas trading with sales a 7.4% sales increase in FY24, 6.7% ahead of the national average. With Black Friday falling on November payday in 2024, and some retailer offers in advance of that date, the Christmas period proved successful for Gloucester Quays’ tenants. Across…
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29 JanuaryNews-In-Brief
Today’s news in brief-29/1/25
Lord Wolfson, CEO of Next and Conservative peer, has leveraged his House of Lords position to propose amendments phasing in upcoming National Insurance (NI) reforms. The budget measures, effective April, will raise employers’ NI contributions from 13.2% to 15% and lower the secondary threshold to £5,000 annually. Wolfson supports staggered…
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29 JanuaryDepartment Stores
Next CEO uses Lords status to lodge amendments to NI bill
The CEO of Next, Lord Wolfson, has reportedly used his position in the House of Lords to table amendments aimed at phasing in the upcoming changes to employers’ national insurance contributions, The Times has reported.The measures outlined in the budget will see employers’ national insurance contributions rise from 13.2% to…
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24 JanuaryNews-In-Brief
Today’s news in brief-24/1/25
Morrisons has announced plans to cut over 200 jobs as part of a restructuring effort aimed at reducing costs and enhancing operational efficiency. The proposed changes include the removal of regional people managers, store people managers, and case specialists. The company intends to replace these roles with a centralised structure,…
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24 JanuaryFeatures
The rise of AI-driven cosmetics retail
The world of cosmetics retail is changing at an unprecedented pace. From the rise of AI-driven shopping experiences to the growing consumer demand for sustainability, brands must now navigate a dynamic and increasingly competitive landscape. Few professionals understand this better than Felicity Gain, business development manager for Smile Science Harley…
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24 JanuaryClothing & Shoes
Victoria’s Secret to open first premier midlands store at Derbion
Victoria’s Secret is set to open its first premier Midlands store at Derbion shopping centre. The lingerie retailer will take 5,712 sq ft of space at Derbion on a 10-year lease, as the retailer expands out of its current space in Next into its own individual unit. The new Victoria’s…
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24 JanuarySupermarkets
Morrisons to axe hundreds of roles as part of cost-cutting plans
Morrisons is set to cut more than 200 roles from its Retail People Team, in the same week that Sainsbury’s also announced widespread cuts across the business in order to shore up costs. As part of the cost reduction plan, Morrisons is proposing to remove the roles of regional people manager,…
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23 JanuarySupermarkets
Sainsbury’s to axe 3,000 roles and shut cafes and counters
Sainsbury’s is set to axe 3,000 roles across the business as part of restructuring plans that aim to “simplify” its central divisions and management structures.As part of its three-year Next Level strategy, there will be a 20% reduction in management roles, while it is also set to close its remaining…
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8 JanuaryComment
Shaping the future of retail analytics
Diane Wehrle, co-founder of Springboard, is a name synonymous with retail data innovation. Her journey from a business graduate to a pioneer in retail analytics is a testament to vision, resilience, and seizing untapped opportunities. In an industry often starved for real-time, actionable insights, Wehrle’s work has transformed how retailers…
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