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.
-
Oct- 2024 -23 OctoberNews-In-Brief
Today’s news in brief-23/10/24
Chancellor Rachel Reeves is reportedly considering imposing higher taxes on Amazon as part of a broader effort to support British high streets, which have been struggling to compete with online giants. The proposed measures could come after her upcoming autumn budget, which is expected to introduce tax hikes and spending…
Read More » -
23 OctoberClothing & Shoes
All Saints appoints new ecommerce director
All Saints has appointed Liam Pryce as its new ecommerce director. Pryce joins All Saints after working for four years with FatFace as a digital director. During his term at FatFace, Pryce supported the migration of its operations to Next Total Platform. Throughout his retail career, he also worked with…
Read More » -
22 OctoberClothing & Shoes
Oliver Bonas and ProCook to open new shops at Ashley Centre
British lifestyle store Oliver Bonas and kitchenware brand ProCook have signed for new shops at the Ashley Centre, Epsom’s shopping destination. Oliver Bonas will be opening a 2,390 sq ft store, showcasing its full range of fashion, homeware, jewellery, furniture, and gifting. Designed by the brand’s specialist team, the store…
Read More » -
22 OctoberClothing & Shoes
Sosandar HY losses narrow to £0.7m
Women’s fashion brand Sosandar has revealed that its losses narrowed to £0.7m, from a loss of £1.3m, for the six-month period ended 30 September 2024 as a result of margin enhancement and continued careful cost management. Overall, the group’s revenues fell from £22.2m in the prior year to £16.2m as…
Read More » -
8 OctoberComment
The Changing Face of TV Commerce: Roku ad sales boss Mike Shaw
Mike Shaw, Director of International Ad Sales at Roku, is at the forefront of a digital revolution in how consumers experience TV and how businesses leverage it for advertising. Shaw’s career began during the collapse of the dot-com bubble, but rather than being daunted by the economic turbulence, it shaped…
Read More » -
4 OctoberPeople Moves
M&S Clothing & Home MD joins Refined Networks as NED
M&S Clothing and Home managing director Richard Price has been appointed as a non-executive director at Refined Networks, the global platform for cross-border digital commerce. The non-executive appointment comes at a time of rapid expansion for Refined Networks. Since 2021, the company has partnered with over 40 international fashion brands…
Read More » -
Sep- 2024 -23 SeptemberNews
Today’s news in brief-23/9/24
Frasers Group is facing audit issues with two brands, I Saw It First and Choice, revealing significant payroll data discrepancies. Auditors struggled to verify £7m in payments for I Saw It First due to lost data during system transitions. Similarly, Hart Shaw encountered missing crucial information for Choice. These revelations…
Read More » -
23 SeptemberShopping Centres
SGS Group refinances four UK shopping centres
SGS Group has officially refinanced four major shopping centres – Lakeside in Essex, Atria in Watford, Victoria Centre in Nottingham and Braehead in Glasgow – following a £445m loan from OakNorth. The four shopping centres, which are spread across 4.6m sq ft, have a catchment population totalling 9.4m and boast…
Read More » -
20 September
Today’s news in brief-20/9/24
In August, UK retail sales saw a 1% increase, marking a continued recovery with a 2.5% year-on-year growth, the strongest since early 2022. While overall volumes remain slightly below pre-pandemic levels, supermarkets and clothing stores benefited from warmer weather and seasonal sales. Online spending remained steady, showing a 4.3% increase…
Read More » -
20 SeptemberDepartment Stores
Next warns of store closures if equal pay appeal fails
Next has warned that store closures may be necessary if its appeal against a recent equal pay ruling fails. Last month, more than 3,500 current and former Next employees won a six-year legal fight for equal pay, with the total amount payable by the retailer estimated to be over £30m. An…
Read More »
