All Next articles – Page 9
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AnalysisAnalysis: Next boss Wolfson’s five key questions that will shape retail in 2022
Next beat expectations over Christmas but chief executive Lord Wolfson, one of the industry’s most respected leaders, said that working out prospects for the year ahead was “unusually difficult”.
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NewsNext ups full-year guidance again after bumper Christmas
Fashion giant Next has increased its full-year profit guidance again after enjoying a bumper Christmas trading period.
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NewsMarks & Spencer buys stake in Nobody’s Child in brand push
Marks & Spencer has acquired a 25% shareholding in Nobody’s Child as it builds a platform of brands to complement its core offer.
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NewsNext braces for supply chain woes to dampen Christmas trading
Next has reported a stronger than expected uplift in sales in its third quarter, but expects falling demand and availability issues to impact sales for the remainder of its financial year.
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NewsPM rejects Lord Wolfson’s call for relaxed immigration stance
Prime Minister Boris Johnson has dismissed Next boss Lord Wolfson’s comments on the need for businesses to be allowed to hire more foreign workers to fill labour shortages.
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AnalysisAnalysis: The solutions retailers are putting in place to navigate the supply chain crisis
A shortage of HGV drivers, increased Brexit red tape, not enough warehouse staff, high freight costs and a shortage of food-grade CO2. It feels that, from week to week, the supply chain issues facing UK retail have only piled up further, posing big questions for the industry.
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AnalysisAnalysis: How Next’s Lord Wolfson aims to manage Christmas labour shortage challenge
As retail’s golden quarter nears, bosses of fashion and homewares giant Next are more concerned about a warehouse labour shortage than a lack of HGV drivers – and order cut-off times may be brought forward to manage demand.
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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 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.
