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Next Plc

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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.

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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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Against an improving economic backdrop, and its strongest first-half sales increase for many years, Next Plc continues to excel. Although analysts have applauded the latest set of results, questions remain over how long the UK apparel retailer can maintain double-digit earnings growth for.

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The hiring of Christos Angelides as president of US retailer Abercrombie & Fitch will bring much-needed fast fashion and global retail experience to the company, analysts say, along with a solid background in sourcing.

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.

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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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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.

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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.

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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.

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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.

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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.

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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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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.

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UK fashion retailer Next Plc has lifted the lower end of its full-year outlook, after booking sales gains during the third quarter. 

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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.

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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.

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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.

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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.

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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.

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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.

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UK fashion apparel retailer Next Plc has booked a double-digit increase in first-half profit, thanks to what it described as its "strongest sales growth for many years".

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UK fashion giant Next Plc today (20 April) raised its guidance for full-year sales and profit after booking a strong first-quarter performance - but one analyst suggested its growth is "unlikely to be plain sailing".

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Fashion retailer Next Plc has raised its profit forecast after a strong Christmas in which sales were "significantly ahead of expectations."

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UK clothing retailer Next Plc has recorded third-quarter sales above expectations and upped its earnings guidance for the full year.

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Fashion retail business Next plc has delivered a slightly better than expected set of first quarter sales figures, boosted by the company’s direct-to-consumer Directory division.

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UK fashion retailer Next Plc has reported 9% growth in full-year underlying pre-tax profit but admitted it has suffered a slow start in the first few weeks of this year.

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Fashion retailer Next Plc has raised its full-year guidance to the upper end of earlier forecasts after sales picked up in late September and early October.

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UK fashion retailer Next Plc has unveiled a better-than-expected start to the year with first-half profit jumping 10.2%, but warned August and early September have been "unusually quiet" with "disappointing" sales.

A number of retailers were last week forced to respond to allegations of "forced labour" among female textile workers in mills in southern India, with H&M blacklisting one of the five named.

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US retailers ramped up stocks for the start of the back-to-school season in July, pushing apparel imports for the month up by 13.4%, according to the latest data. But while China and Vietnam were the biggest beneficiaries of these gains, shipments from Bangladesh, Indonesia and Cambodia tumbled.