Next Plc
Apparel and textile industry company news
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Next continues to demonstrate its agility – What the analysts say
UK clothing and homeware retailer Next Plc saw its online sales soar 38% in the nine-week Christmas trading period to 26 December, boosting better than expected full-price sales. However, the company remains cautious about the continued uncertainty caused by the Covid-19 pandemic, and its potential economic impact. Next's share price was up 8.69% in morning trading today (5 January).
Next cautions on year ahead despite online sales jump
UK clothing and homeware retailer Next Plc has benefitted from investment in its online channel as sales jumped 38% in the nine-week Christmas trading period to 26 December, boosted by loungewear and sportswear.
Next ups FY profit outlook by GBP65m on Q3 sales beat
UK clothing and homeware retailer Next Plc has raised its full-year profit guidance after posting better than expected full-price sales for the third quarter.
New Ted Baker licensing deals with Next and Baird Group
UK high street fashion chain Ted Baker has agreed new licensing deals with Next Plc and Ben Sherman's licensee Baird Group, in a move it says will enhance supply chain efficiency.
Next to take majority stake in Victoria’s Secret UK
Clothing and homewares retailer Next Plc is to acquire a majority stake in the UK business of lingerie, loungewear and beauty products retailer Victoria's Secret under a new joint venture.
Next bouncing back after feeling full force of the pandemic
UK clothing and homewares retailer Next Plc has seen its sales stage a partial recovery in the second quarter after they were dealt a big blow during the coronavirus lockdown. Investment in online capabilities, warehouse capacity and a strong balance sheet have all helped, and the company is now confident of booking a full-year profit. Industry experts offer their views on today's (29 July) results.
Next Q2 sales beat expectations, outlook positive
UK clothing and homeware retailer Next Plc has said it expects to finish the year in profit after it revealed a better than expected slump of 28% in full price sales for the second quarter.
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.
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