Next Plc
Apparel and textile industry company news
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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.
Analysts upbeat on Next despite "disappointing" Christmas
Analysts are upbeat about Next Plc's fourth-quarter trading, despite the UK fashion retailer posting a "disappointing" Christmas sales performance, weighed down by unusually warm weather.
Next lifts guidance after Q3 sales rise
UK fashion retailer Next Plc has lifted the lower end of its full-year outlook, after booking sales gains during the third quarter.
Next says wage inflation to lead to higher prices
UK fashion retailer Next Plc is expecting to increase prices by 6% between 2016 and 2020 to cover the government's new National Living Wage and general wage inflation.
Analysts upbeat after Next lifts FY outlook
Analysts continue to remain upbeat about Next Plc's prospects, after the UK fashion retailer raised its full-year outlook, thanks to better-than-expected first-half sales growth.
Next Q1 sales buoyed by improved conditions
Next Plc's first-quarter performance was buoyed by improved trading conditions, booking sales ahead of analyst expectations thanks to warmer weather and the earlier launch of the UK fashion retailer's summer brochure.
Next Q3 trading update: What the analysts say
Unseasonably warm weather in October has weighed on sales of autumn merchandise at UK fashion retailer Next Plc. The group missed its third-quarter expectations and this morning (29 October) saw its share price fall 1.63% on the trading update. Analysts have offered mixed views on the results.
Unseasonably warm weather hits Next Q3
Unseasonably warm weather in October meant sales for UK fashion retailer Next Plc didn't meet its third-quarter expectations, pushing its share price down in early morning trading.
Cotton Traders eyes expansion as Next sells stake
The founders of British leisurewear brand Cotton Traders are looking to expand into new markets and develop the business's online presence after buying back a 33% stake held by Next Plc.
Next's share price falls on lower Q3 sales growth
UK fashion retailer Next Plc saw its share price fall 4.1% this morning (30 September) after warmer weather led to lower-than-expected third-quarter sales growth.
UK: Clothing and footwear to gain from click & collect growth
Clothing and footwear is expected to take the lion's share of the significant growth expected in 'click & collect' sales in the UK over the next five years.
IN THE MONEY: Improved supplier capabilities benefit Next
After booking a "stellar" first-half performance, UK fashion giant Next Plc has detailed the progress it has made in upgrading the quality and design of its product ranges, new and improved sources of supply and the introduction of premium priced merchandise.
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