All Next articles – Page 54
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NewsM&S rounds off good week for retail stocks
Marks & Spencer spearheaded an advance by retail shares on Tuesday, when its fourth-quarter numbers defied downbeat expectations.The retail sector rose 6 per cent on the day, when there was also the successful refinancing of Clinton Cards and placings of Debenhams and Sainsbury’s shares. Improving sentiment towards retailers helped the ...
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News
Westfield falls short of Next’s expectations
Next chief executive Simon Wolfson said that its Westfield London shop has so far performed below expectations and that the scheme has had less of an impact on its West End shops than it anticipated.Wolfson said Next, which this week reported like-for-like sales down 6.5 per cent in the full ...
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OpinionCautious Next sets the standard
Next chief executive Simon Wolfson was his usual cautious self last week, revealing to the City that the fashion retailer would be “sticking to the knitting”.His approach pleased analysts, and one even believes that Next is among the best-managed companies in the sector.Wolfson is right to be cautious. Among the ...
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OpinionJJB Sports: a game of two halves
All is fair in retail and football. Or not, it seems, if you are old sparring partners Dave Whelan and Mike Ashley in their battle for control over JJB Sports.
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News
Next will not discount, despite 14 per cent profit slump
Next has reported a 14 per cent slump in pre-tax profits to 428.8m in its year-end results, but vowed not to change its Sales strategy in line with the rest of the high street.
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Next refuses to pay all of Westfield's service charges
Fashion retailer Next is refusing to pay part of its service charge at Westfield London after the property developer increased its fees within days of the shopping centre opening.
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AnalysisStore design: a little goes a very long way
Retailers are faced with some tough choices at the moment and retail design may well be low down on their list of priorities. But can they afford to do without it? John Ryan and Laura Lupton report
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Next ups fashion profile with online TV platform
Next has launched Next TV online to promote its fashion credentials to its web customers.
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Next carves out shop space for Lipsy brand
Next is to carve out space in its Manchester store to open a shop-in-shop for its recently acquired young-fashion brand Lipsy.
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Short selling on retail stock doubles
Short selling positions on retail shares have almost doubled between November and January, as investors bet on further misery for the sector.
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Next profit on course as Sale strategy pays
Next has stood firm on its discounting strategy and will be clear of much of its Sale stock by the end of this week, despite lengthy and deep price cuts by its competitors.
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City's frosty outlook thaws as retailers keep the blues at bay
Retail stocks headed so far south last year they neared the stock market's equivalent of the Antarctic. As the January reporting season kicked in it brought news of like-for-like sales declines but in many cases met admittedly low expectations and there were hopes of a thaw in attitudes to the ...
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OpinionMarks & Spencer: margins & errors
Marks & Spencer boss Sir Stuart Rose appeared irked yesterday by journalists’ questions about the retailer’s lacklustre Christmas trading figures. Why, he complained, hadn’t the results from Debenhams and Next come under such scrutiny?
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M&S expected to report worst Christmas trading in a decade
The new year will bring little cheer for retailers with Marks & Spencer expected to report its worst Christmas trading performance in a decade.
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Next takes anchor spot at Southend's Victoria Shopping Centre
Next has signed up to anchor the newly refurbished Victoria Shopping Centre in Southend.
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AnalysisCustomer data: Track and treat
Slipping sales and quickly changing shopper behaviour has made consumer information priceless. Joanna Perry finds out how retailers can gather this data and use it to improve trade.
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News
OFT warns fashion retailers over VAT cut co-operation
The Office of Fair Trading has warned fashion retailers to be mindful of competition law following their discussions on how to pass on the 2.5 percentage point cut in VAT.
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Opinion
VAT reduction just doesn’t cut it
Oh the irony. Even if Alistair Darling’s 2.5 percentage point cut in VAT had prompted consumers to open their purses this week, they would have been snapped firmly shut again only days later when two household retail names went into administration.
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News
Next expected to make job cuts
Next is the latest in a long list of retailers expected to instigate job losses to cut costs.
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Next confident on profits despite like-for-like fall
Next has said it still expects its full-year profits to be in line with market expectations, despite continued difficult trading.