Next news and archive

Next, Marks & Spencer and JD Sports urged to address low wages by NGO

ShareAction, a responsible investment NGO, is co-ordinating with three investor groups to file resolutions at Next, Marks & Spencer and JD Sports. The retail giants are being called on to address allegations of low wages within their staff and to be more transparent in sharing how many of their employees are being paid below a real Living Wage....

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Next boosts profit outlook following robust performance

Next has delivered a strong set of annual results, showcasing its resilience and adaptability in a challenging economic climate. The fashion and homeware retailer has also raised its profit forecast, demonstrating confidence in its operational strategy and market positioning. Specifically, the company has increased its pretax profit guidance by...

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Next plots new office space in London

British retail giant Next has secured a new office space in London which will serve as a complementary addition to its existing headquarters in the city. The space has been let on a five-year term with Great Portland Estates (GPE), and will see Next move in at the end of March. Located at 31 Alfred Place, WC1, in Fitzrovia, the 11,500 square...

Fashion

Next must remove ad featuring 'unhealthily thin' model

British fashion retailer Next must remove one of its advertisements from its website after a complaint about the model. This was announced today by the Advertising Standards Authority (ASA), the independent British regulator for advertising, after an investigation into a complaint. The complainant found that the model looked "unhealthily thin"....

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UK retailers reportedly mull US subsidiaries and halting Chinese imports amid tariff shifts

US president Donald Trump brewed up what could be considered the beginning of a trade war last week when he announced a series of tariffs and impending tariffs on some of the world’s largest markets, including China. From the get-go, Trump has made it clear that the UK and the EU are also being considered in the way of tariffs, leaving many...

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Next raises profit outlook following strong Christmas

British clothing retailer Next reported full price sales increase of 6 percent during the Christmas trading period versus last year. The company said that the performance was due to the timing of the end-of-season sale. Adjusting for the effect of sales, underlying full price sales were up 5.7 percent, compared to the previous guidance of 3.5...

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Reiss increases sales and profit despite "challenging year"

For the year to January 27, 2024, women’s, men’s and children’s fashion brand Reiss reported total sales of 346 million pounds, an increase of 8.1 percent versus the previous year. The company said in a filing that pre-tax profit for the year of 32.1 million pounds was 10.2 percent above the last year. The company added that it managed to...

Retail

Next to move into one of its largest UK stores in Kent

Next is upsizing an existing store at Bluewater, Kent, into a 133,000 square foot location that will become one of the British retailer’s largest stores in the UK. The site, which is currently occupied by House of Fraser, will allow Next to offer an enhanced product range in a “state-of-the-art” space, while further supporting its omnichannel...

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Next chooses Zeos as fulfilment partner in continental Europe

British fashion retailer Next has selected Zeos, the business-to-business unit of Zalando, as its fulfilment partner in continental Europe. In a statement, Next said that while it had previously leveraged Zalando Fulfilment Solutions (ZFS) for the majority of its Zalando-based business, this new agreement with Zeos Fulfilment expands its...

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Sosandar to expand into homeware through Next licensing deal

Womenswear brand Sosandar is expanding its reach and stepping into the homeware market through a new licensing agreement with British retail giant Next. The deal expands on the duo’s already existing relationship, through which Next continues to stock Sosandar’s clothing range where it has seen a reported “success”, according to this latest...

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Next stakes claim in premium fashion market with Seasons launch

British retail giant Next is making an ambitious move into the premium fashion segment with the launch of Seasons, a new multi-brand e-commerce platform. The venture marks a significant strategic shift for the high street retailer, as it seeks to capture market share in the wake of recent industry consolidation. The platform will debut with a...

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FatFace relies upon Next to revive revenue growth

For the 35 weeks to January 27, UK-based clothing brand FatFace reported a stable period despite external economic headwinds with revenue declining to 180.4 million pounds. In October 2023, Next acquired a 97 percent controlling stake in FatFace resulting in the company filing statements for 35 weeks to align with Next’s reporting period. For...