Next Plc
Apparel and textile industry company news
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Reopening factories safely is the next challenge – Here's how fashion brands can help
Western retailers must not turn their backs on their suppliers and the millions of workers who make the goods they sell, say Dorothée Baumann-Pauly and Natasja Sheriff from the NYU Stern Center for Business and Human Rights. Here they set out three ways fashion brands can offer practical assistance their suppliers during the Covid-19 crisis.
Next "better placed" than others to weather Covid-19 storm
UK retailer Next Plc issued a bleak trading update this morning (29 April) demonstrating how the coronavirus outbreak has impacted its business so far. Product full-price sales for the period from 26 January to 25 April fell 41% and it is now anticipating a steep fall of up to 40% in full-year full-price sales, while cancelling stock it no longer needs and moving other inventory into future seasons.
Next re-opens online, warehousing and distribution ops
UK clothing and homeware retailer Next Plc has begun selling online again today (14 April) – albeit in a limited way – after putting safety measures in place to ensure its warehouse workers are safe.
Next fears virus sales hit more than supply issues
UK fashion and homeware retailer Next Plc has warned it could lose up to GBP1bn (US$1.15bn) in sales as the coronavirus impacts demand – but says it is armed with various measures that could help control costs and conserve cash.
Next shares fall as Q3 retail sales slip
Shares in Next Plc remained down by more than 3% this-afternoon (30 October) after the UK-based fashion and homewares retailer maintained its full-year guidance but said strong sales growth in October is unlikely to be replicated for the rest of the year.
Project to improve working conditions for women in South India's fabric mills - Exclusive
The first phase of a project by Shop Direct, Next Plc and Varner to improve employment conditions for young women in South India's fabric mills has engaged almost 9,500 people, with the partnership now gearing up for a second phase, due to launch later this year - with plans including the launch of an app for workers to provide feedback.
Next points to price cuts in event of no-deal Brexit
Shares in Next Plc were down by more than 4% this-morning (19 September) after the apparel retailer maintained its full-year guidance despite a rise in both earnings and revenue for the first half, and pointed to price cuts in the event of a no-deal Brexit.
Ted Baker switches to Next for childrenswear
UK fashion and lifestyle brand Ted Baker has inked a new childrenswear licence agreement with Next Plc, replacing a deal with Debenhams due to end in February.
Next shares surge as retailer ups FY outlook
Shares in Next Plc surged by more than 9% this morning after the UK-based fashion and homewares retailer significantly increased its full-year guidance – more than doubling full-price sales growth and upping profit guidance by GBP10m (US$12.2) – on the back of a strong second quarter.
Warm weather buoys Next Q1 sales
Unusually warm weather helped buoy sales at Next Plc in the first quarter, but the rise was not enough to spark an increase in full-year guidance at the UK fashion and homewares retailer.
Next says no-deal Brexit could save it up to GBP15m
British fashion retailer Next Plc says it could save up to GBP15m in tariffs under a no-deal Brexit – which it would pass on to shoppers via lower prices.
Next trims forecast despite Christmas sales surge
British fashion retailer Next Plc saw its shares rise more than 6% this-morning after reporting strong sales in the run-up to Christmas – but lower guidance suggests tough times ahead.
Next and Tchibo latest to join ZDHC group
Retailers Next Plc and Tchibo GmbH are among five new companies and associates to have committed to the Zero Discharge of Hazardous Chemicals (ZDHC) group.
Brands take action to end modern slavery in UK factories
John Lewis, M&S and Next Plc are among a raft of British fashion retail giants to have signed a joint agreement with enforcement bodies to try to combat the exploitation of workers by UK fashion and textile manufacturers.
Next maintains FY guidance as online boosts Q3
Next Plc has reaffirmed its full-year guidance as the apparel retailer reported sales in-line with company expectations for the third quarter, despite a slow down in growth from the first half of the year.
Next ups FY outlook on summer sales boost
Shares in Next Plc soared this morning (25 September) as the apparel retailer upped its full-year pre-tax profit guidance by GBP10m (US$13.1m) on the back of a better than expected first-half.
Next shares tumble despite Q2 sales rise
Exceptionally warm weather helped buoy sales at Next Plc in the second quarter, but the rise was not enough to spark an increase in the UK fashion and homewares retailer's full-year guidance, sending shares tumbling by more than 6% this morning (1 August).
Next earnings tumble amid difficult clothing market
UK clothing and homewares retailer Next Plc has seen its annual profits fall by 8% as the company described 2017 as the most challenging year it has faced for 25 years.
Next ups FY profit forecast despite H1 profit fall
Apparel retailer Next Plc has shared an optimistic outlook for future trading that sent shares soaring 9%, despite another fall in half-year sales and profit.
Lipsy to close website and focus on Next online
Women's fashion brand Lipsy, which is owned by retailer Next Plc, is to shut down its website as part of a bid to focus on accelerating the growth of the business and its brands on the Next online portal.
Next shares climb as warm weather drives Q2 sales
Shares in UK fashion and homewares retailer Next were up by more than 7% this morning (3 August), as warmer weather helped drive better than expected trading in the second quarter.
Next shares slide as FY profit outlook cut
Shares in UK fashion and homewares retailer Next Plc dropped 6% this morning (4 May) as the company narrowed its full-year profit outlook and revealed a drop in first-quarter sales.
Next books first FY profit fall in eight years
UK clothing retailer Next Plc has booked its first fall in annual profits in eight years and issued a caution on the year ahead amid the threat of price inflation and a shift away from spend on clothing.
Next sounds warning as Q4 sales slide
UK fashion retailer Next Plc has sounded a warning for a "challenging" year ahead and a continued slowdown in spending on clothing as it revealed a drop in sales in its fourth-quarter.
Top 20 news stories on just-style in 2016...
Instead of our regular roundup of the most-read stories on just-style during the week, we thought a fitting end to the year would be to take a look at the top news stories on just-style in 2016. Cutting edge innovations, Africa growth, Brexit, worker safety, key apparel and footwear trends, and minimum wages were just some of the issues that made the headlines.
Next mulls price rises as weak pound hurts sourcing costs
British fashion retailer Next Plc has posted a fall in first-half profits and says the pound's weakness since the Brexit vote is likely to increase sourcing costs by up to 5% next year for the first time in six years.
Next warns falling pound could hit sourcing costs
UK fashion and homewares retailer Next Plc has revealed first-half sales in line with expectations but warned buying costs could rise due to the falling value of the pound since the EU referendum.
Next warns on "tougher environment ahead"
UK clothing retailer Next Plc has warned on a tougher economic environment ahead, cutting its full-year sales estimate and preparing for a fall in earnings.
Direct sourcing helps M&S narrow the gap with Next
More sourcing directly from suppliers has improved the profitability of Marks & Spencer's general merchandise business, narrowing the gap with Next Plc, according to a report published this week.
Syrian refugee children found in Turkish clothing factories
Fashion retailers Next Plc and H&M have admitted to finding Syrian refugee children working in their supplier factories in Turkey, prompting calls for other brands to take a closer look at their supply chains to take action to ensure minors are not being exploited.
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