All Next articles – Page 3
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NewsNext has upped its guidance but warns of 'unwelcome' price rises
Next delivered a bumper Christmas performance, leading to an increase in its full-year profit guidance, but it warned that it would offset the incoming rise in wage costs by increasing the price of its clothing.
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Opinion‘A Christmas profit warning is inauspicious, but retail has reasons to be cheerful about 2025’
Despite a hefty profit warning from Shoe Zone, as long as retailers overall meet muted Christmas expectations then City appetite for their shares could pick up in the new year, writes George MacDonald
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NewsAllSaints has launched its new perfume range in Boots stores
Fashion retailer AllSaints is extending its partnership with Boots by launching its new perfume range in a number of the health and beauty retailer’s stores across the UK.
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GalleryIn pictures: Black Friday – who’s doing it, who’s not, and how deep are the discounts?
Since being imported from the US to the UK by Amazon in 2010, Black Friday has become a firm fixture on retail’s promotional calendar.
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NewsNumber of retail employees using unapproved generative AI at work skyrockets
The number of retail employees using generative AI at work that’s unapproved or unprovided by their employer has soared year on year.
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NewsSosandar eyes more stores and partnerships as it builds reach
Fashion retailer Sosandar is targeting further store openings after the success of the first few, and aims to strike deals to sell through other retailers as it has with Marks & Spencer and Next.
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NewsNext to triple its store footprint as it takes on former House of Frasers in Bluewater
Exclusive: Fashion giant Next is taking on a new space, currently occupied by House of Fraser as it looks to triple its footprint at Bluewater shopping centre, Kent.
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InterviewQ&A: Chelsea Peers founder on continuing to capitalise on the loungewear boom
Retail Week sat down with premium pyjama and loungewear brand Chelsea Peers founder Tom Pyne, to discuss the ongoing boom of loungewear, the importance of a broad customer base, and how third-party partners have been the key to success.
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DataRanking: The top 25 fastest-growing retailers show how we shop the ‘new normal’
Thanks to the Interpath Retail Index 2024, Retail Week can reveal the top 25 fastest-growing retailers and what they tell us about how shoppers behave in the ‘new normal’. To read the full report and see the full list of fastest-growing retailers which goes up to 100, click here.
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NewsNext makes moves in luxury fashion market with launch of new Seasons website
Fashion giant Next is making moves in the luxury market with the launch of its new premium fashion platform Seasons in a bid to serve “overlooked” customers.
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Opinion‘Next’s membership of retail’s billion club is likely to be longer-lived than some’
Big-name retailers have made profits of £1bn only to fade afterward. Next looks likely to beat that trend, argues George MacDonald
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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.