All Next articles – Page 6
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NewsNext upgrades outlook as profits and sales soar beyond pre-pandemic levels
Next has reported significant increases in both full-price sales and profit before tax compared with 2019 levels and has upgraded its full-year profit guidance.
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NewsGap joins Next’s Total Platform to reboot UK operations
Next and Gap have announced a joint venture to manage the latter’s UK and Ireland operations.
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NewsNext boss hits out at ‘insane’ policy blocking temporary foreign lorry drivers
Next boss Lord Wolfson has labelled the government’s immigration policy “insane” and said that retail “desperately needs drivers” in order to stop the ongoing crisis.
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Opinion‘Climate change will collide with business as usual – retailers need to act now’
The Covid pandemic may finally be starting to cool down, but attention this week has shifted to another crisis that’s threatening to boil over – climate change.
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DataData: Must-see Next graphs reveal sales powered by weather and staycations
After stronger than expected trading, fashion and home giant Next has upped profit expectations. Data provided by the retailer showed the categories and factors that shaped consumer behaviour and powered the strong performance.
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NewsNext to repay business rates relief after sales surge
Fashion giant Next has increased its profit guidance for the financial year, with sales and profits “materially ahead” of expectations following a strong trading performance.
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AnalysisRevealed: UK consumers’ top 16 best-loved brands
UK consumers have revealed their most-loved brands and just a handful of retailers dominate when it comes to best stores, website, delivery service and value for money, according to Retail Week’s new free report The CX Factor.
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Opinion‘The Amazon effect, excess space and the pandemic are driving retail evolution’
If we cast our minds back 20 years or more, most brands had very few standalone sites, preferring to operate via wholesale or concessions in department stores.
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AnalysisLocation, location, location: where retailers will need stores in a post-Covid world
Retail Week analyses the toll taken on retail destinations over the past 15 months, how they will fare in future and what plans all stakeholders – from local authorities to retailers and landlords – have put in place to bounce back or build momentum.
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NewsNext boss Lord Wolfson set to chair Reiss
Lord Wolfson is set to be the next chair of Reiss, following Next’s purchase of a 25% stake in the retailer earlier this year.
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AnalysisDebenhams closures: What’s happening to all the stores?
The closure of Debenhams stores has left empty spaces in prime locations on British high streets – what will replace the department stores?
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AnalysisGeneration M: Catering to the young fashion-conscious Muslim consumer
The modest fashion market is growing but mainstream retailers are yet to really take note. Retail Week explores how to cater to the Muslim consumer without being tokenistic
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Retail Navigator AnalysisNext (SWOT)
The group has benefited from the integration of its Retail and Online operations to reduce costs and enhance service through in-store collection and returns as part of a single, integrated service.
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Retail Navigator Analysis
Next (Overview)
Next is one of the UK’s largest fashion and home retailers, with almost 460 UK stores and annual sales edging towards the £5.5bn mark for the year to end January 2024 (FY2023). Its well-established omnichannel model and enviable ecosystem allow it to react with agility to changing customer demands, while bold investment in both its stores and online operations is paying off as it caters to consumers’ increasingly channel-agnostic shopping habits.
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Retail Navigator AnalysisNext (Strategy)
Fashion powerhouse Next is a retail bellwether, with its enviable ecosystem, established omnichannel model and careful approach to balancing investment and caution, having delivered decades of success.
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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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AnalysisAnalysis: What Next’s growth trajectory means for fashion retail
As Next continues to surpass even its own expectations despite the impacts of the pandemic, what does its trajectory mean for the rest of fashion retail?
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NewsNext raises full-year profit guidance after strong first quarter
Fashion giant Next has upgraded its full-year profit guidance following a much stronger than expected performance in the first quarter.
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AnalysisDeep dive: Understanding your new target shoppers – their favourite stores revealed
Where and how will the post-pandemic consumer want to shop? Retail Week unpacks the data.
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GalleryIn pictures: Laura Ashley relaunches as shop-in-shop in Next
Laura Ashley has relaunched its homewares department in partnership with Next, unveiling a shop-in-shop concept this week.
