FTSE 100-listed Next is the largest clothing retailer by sales in the UK, As well as stores, it has a growing marketplace platform selling brands such as Calvin Klein, Reiss, Fat Face, Joules, Dorothy Perkins, Warehouse and Ralph Lauren. It also launched its Next Total Platform, offering an online, tech and logistics solution that can be licensed by smaller fashion brands to give them an online presence. Retail Week provides news, analysis, features and opinion about Next and the fashion sector.
Mike Ashley has raised concerns over the future of Harvey Nichols, stating it is in a “death spiral”, despite his retail empire being in the running to acquire it.
Next has debuted a new multi-brand concept as it opens the doors to its largest store in the UK
Next reported a 9.2% full-price sales increase in the 13 weeks to August 1, £70m ahead of what it had forecast for the second quarter.
Andy Burnham floated a higher business rate on warehouses to charge online giants to fund the high street support. The data shows the largest bills would fall on traditional retailers instead.
Frasers and Next are both expected to submit offers for department store group Harvey Nichols today.
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