All Next articles – Page 7
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NewsNext sales dip but remain in sync with guidance
Next has performed better than its sales guidance for the first quarter but said it was “too early in the year” to alter profit guidance.
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NewsJoules launches consultation over job cuts after Next takeover
Joules has started a consultation over potential job losses after new owner Next said it was looking to ramp up its transition plans.
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DataRanking: The UK retailers with the biggest international sales
After several years of staying close to home, it’s no surprise that, even with the cost-of-living crisis, more than 60% of Brits are planning an overseas holiday this year – up by 10% on last year, according to research by American Express.
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NewsMamas & Papas teams up with Laura Ashley for new range
Mamas & Papas has teamed up with Laura Ashley to launch a range of children’s prams, homeware and baby apparel.
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GalleryStore gallery: First look at Next’s return to Gloucester Quays outlet
Fashion giant Next has opened its doors to shoppers at Gloucester Quays, as the retailer makes its return to the shopping outlet destination following its departure in May 2019, Retail Week can exclusively reveal.
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DataForecast: The trends shaping health and beauty in 2023 and beyond
The Retail Week analyst team predicts the UK health and beauty market will grow at a compound annual growth rate (CAGR) of 3.9% to 2026/27 as retailers fight to gain market share in this lucrative category.
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NewsNext delivers growth but budgets for profit drop next year
Next has delivered healthy growth in sales and pre-tax profits, but warned strong comparables in the first half would result in a decline in both metrics next year.
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NewsUpdated: Next bolsters brand portfolio with swoop on Cath Kidston
Fashion giant Next has added to its stable of brands with the acquisition of Cath Kidston for £8.5m.
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Opinion‘From automation to home working, Sainsbury’s changes highlight forces shaping retail’
Sainsbury’s disclosure this week of a raft of business changes affecting its Argos general merchandise division, and putting at risk 1,400 jobs, crystallised some big retail themes of the moment.
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NewsNext appoints new executive director in third-party brands push
Next has appointed Jeremy Stakol as executive director and lead group investments, acquisitions and third-party brands director, starting on April 3.
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AnalysisGlad rags, stores surge and flight to value – how fashion retailers fared this Christmas
As the Christmas reporting season comes to a close, a return to in-store shopping in the post-pandemic world, freezing temperatures and the impact of the cost-of-living crisis delivered a range of results for fashion retailers over the period.
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NewsReiss expects record profit after strong Christmas
Fashion retailer Reiss has reported strong Christmas trading as sales surged in stores and online.
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DataRanking: Amazon, Tesco and Asda offer best customer experience, say shoppers
Amazon, Tesco and Asda have come out on top of an exclusive consumer poll asking which retailers offer the best customer experience, but Aldi isn’t far behind.
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AnalysisAnalysis: How retail confounded the doom and gloom to achieve a very merry Christmas
As soon as retailers’ Christmas updates started coming in, it was clear that something unexpected had happened – the festive season had been better than anticipated for many
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AnalysisAnalysis: Next’s Lord Wolfson – caution in 2023 but ‘light at end of tunnel’ for retailers
A profit upgrade but reduced expectations for the year ahead – what to make of Next’s Christmas update? Chief executive Lord Wolfson unpicks the trading messages
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NewsNext ups profit guidance as Christmas sales beat expectations
Fashion powerhouse Next has increased its earnings guidance after a strong Christmas performance.
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Opinion‘Dangerous false economies risk limiting retail’s recovery from challenging period’
You can’t manage a retail business quarter by quarter. Short-termism threatens to inhibit innovation and limit retail’s potential when tough times recede, warns True’s Matt Truman
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Opinion‘As Next snaps up Joules, expect more retailers to go shopping for distress deals’
The current economic environment means the recent rash of acquisitions could continue, but such deals can turn a crisis into a shared opportunity, writes Retail Week executive editor George MacDonald
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NewsNext elbows out Foschini with last-minute swoop on Joules alongside founder
Fashion powerhouse Next has teamed up with Joules founder Tom Joule to buy the retailer, fending off competition for control from Phase Eight owner Foschini.
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NewsFashion retailers face mounting stock piles as supply chain snarl-ups ease
Fashion retailers are grappling with mounting piles of unsold stock as improving supplier delivery times and weakening consumer demand impact inventory levels.