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.
The fashion retailer said a £12m increase to its profit guidance for the full year was down to a “small upgrade” in sales expectations and cost savings, primarily in its warehouses
Matalan has announced the appointment of former Marks & Spencer managing director of clothing, home and beauty Richard Price as an adviser.
Next has won its appeal to overturn a 2024 court ruling that forced the retail giant to pay its store staff the same higher basic pay rates as its warehouse workers.
Asos has appointed former Next executive Jon Bennett as its new menswear product director for its Design label.
Cotton Traders has reported an increase and revenue profit across all areas of the business.
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