All Next articles – Page 5
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Retail Navigator AnalysisNext (Financials)
Marking another strong year, which Next said was better than anticipated, the fashion behemoth reported its highest ever levels of revenue and profit. Next group sales rose 9.1% to £5,491m on a statutory basis for the year to end January 2024 (FY2023) compared to £5,034.0m the previous year. More generally reported total sales figures came in at £5,842m in FY2023, up 5.9% from £5,516m the previous year. Statutory pre-tax profit rose 16.9% to £1,015.8m in FY2023 as the retailer focused on improving product ranges, online service levels, managing costs and profitability. This increased the group’s statutory pre-tax margin to a robust 18.5%.
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NewsNext is predicting profit of £1bn as cold weather drives sales
Fashion giant Next has reported a rise in sales for the third quarter and upped its profit guidance for the full year to more than £1bn.
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DataRanking: The UK’s biggest fashion retailers and where they’ll be in three years
Thanks to exclusive data from Retail Week’s sister brand Retail Navigator by Lumina Intelligence, we can reveal how the landscape for fashion retail is going to change over the next few years – and which brands are set to dominate our high streets and wardrobes.
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Retail Navigator AnalysisNext (Strategy)
Responding to a “significant proportion” of its customers actively looking for luxury and premium products, Next has launched a separate sub-site called Seasons which offers ”a range of premium and affordable luxury brands that are not available on the next.co.uk site”.
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AnalysisFour must-see charts from the Next half-year results
For the time-poor, Retail Week has extracted four of the most interesting charts from today’s Next results that help paint a picture of what to expect
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NewsNext ups its full-year guidance again due to surging sales and new ‘avenues of growth’
Next has upped its guidance for the full year to January 2025, with profits now anticipated to reach almost £1bn, as sales and profits at the fashion giant have surged once again.
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NewsAllSaints profits have surged in another ‘record’ year
Fashion retailer AllSaints has reported yet another “record” year as profits and sales are up and it remains “confident as ever” in future growth.
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NewsNext shop workers have won their six-year battle for equal pay
More than 3,500 current and former store staff at Next have won a six-year legal battle for equal pay with warehouse workers.
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AnalysisNext has posted weather-busting, expectation-beating results – what do the analysts say?
Fashion powerhouse Next knocked the numbers out of the park in its second quarter when full-price sales climbed 3.2% year on year.
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NewsNext has increased profit guidance as sales exceed expectations despite bad weather
Next has increased its full-year profit guidance as sales grew in the second quarter despite bad weather dominating most of the summer.
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Opinion‘Department store leadership merry-go-round shows a sector wanting to change’
After a tough time, the remaining top department store players are in a good position to play to their strengths, believes George MacDonald
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AnalysisWhat to look out for in Next’s results after the washout weather for fashion retailers
Next will be hoping to wow shareholders with yet another stellar performance when it publishes its second-quarter update for the 26 weeks to July 27, 2024 on Thursday. But with washout weather dominating the months of April to July, has Next managed to weather the storm? Retail Week explores what might be coming next.
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AnalysisRetail cabinet: What would government look like if retailers ran the country?
As the country casts its votes in the general election, Retail Week imagines what a cabinet made up of bold and capable retail leaders might look like
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NewsAllSaints unveils new collection in Next sales tie-up
Fashion retailer AllSaints has joined forces with the leading third-party retailer to launch a brand new product category, Retail Week has learned.
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NewsBath & Body Works posts ‘better than expected’ results
US-based retailer Bath & Body Works has “narrowed” its guidance for the full year as it recorded “better than expected” results.
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Opinion‘Brightening retail outlook could create sweet spot for M&A this year’
After a challenging 2023, falling valuations and pent-up demand for deals could spark a revival in retail M&A as economic conditions stabilise, believes Erin Brookes
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NewsNext maintains guidance as quarterly sales rise
Fashion giant Next has maintained its full-year guidance as sales increased in its first quarter.
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OpinionJohn Lewis Partnership: where should the new executive team focus?
With the strengthening of its leadership team and the appointment of former Tesco boss Jason Tarry as chair, what does the future hold for John Lewis? Retail Week data and insights director Lisa Byfield-Green examines the areas of the business that require focus and the priorities that lie ahead
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NewsNext and Frasers Group circle Ted Baker for potential rescue deal
Retail giants Next and Frasers Group have reportedly expressed an interest in purchasing collapsed fashion retailer Ted Baker.
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AnalysisMyntra: Who is the fashion marketplace partnering with Next in India?
After highlighting overseas ambitions as one of three key strategies for growth in its latest results, Next last week inked a franchise deal with Indian marketplace Myntra to expand in the territory. Retail Week takes a look at the brand’s new partner, its history and how the deal fits in with Next’s wider strategy