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Next Plc

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Michelle Russell

Next ups central profit guidance on Q1 sales beat

6 May 2021 | Michelle Russell

UK clothing and homeware retailer Next Plc has upped its central profit guidance for the year after reporting first-quarter sales that beat guidance.... read more


Next optimistic on year ahead despite FY profits halving

1 April 2021 | Michelle Russell

UK clothing and homeware retailer Next Plc saw its profits halve last year but has upped its earnings forecast thanks to strong online sales.... read more


Next continues to demonstrate its agility – What the analysts say

5 January 2021 | Michelle Russell

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).... read more


Next cautions on year ahead despite online sales jump

5 January 2021 | Michelle Russell

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.... read more


Ted Baker losses widen as H1 sales slump

7 December 2020 | Michelle Russell

UK high street fashion chain Ted Baker saw its losses widen in the first half of the year and sales slump as the Covid-19 pandemic restrictions took their toll.... read more


New Ted Baker licensing deals with Next and Baird Group

28 September 2020 | Michelle Russell

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.... read more


Pentland Brands appoints new CEO in management reshuffle

9 September 2020 | Michelle Russell

Pentland Brands has made a number of management changes, including the appointment of Chirag Patel as chief executive officer.... read more


Worker rights risks rise to the fore

7 September 2020 | Michelle Russell

As fashion brands and retailers begin to reset and reshape their supply chains as they emerge from the global coronavirus pandemic, a new multi-year investigation has identified child labour and audit deception among the risks at stake when sourcing from garment factories in Myanmar.... read more


New fashion retail landscape emerging

10 August 2020 | Michelle Russell

The new fashion retail landscape emerging in the wake of the Covid-19 pandemic is already leading to dramatic and permanent changes in the way brands and fashion retailers plan and work. There are some practical steps that surviving businesses should consider as online becomes the dominant way of doing business.... read more


JD Sports fined over breach of order in Footasylum case

5 August 2020 | Michelle Russell

JD Sports Fashion and its largest shareholder Pentland Group have been fined by the UK Competition & Markets Authority (CMA) for breaching an order related to its acquisition of Footasylum.... read more


Next bouncing back after feeling full force of the pandemic

29 July 2020 | Michelle Russell

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.... read more


Next Q2 sales beat expectations, outlook positive

29 July 2020 | Michelle Russell

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.... read more


Ted Baker to cut more than 500 jobs?

20 July 2020 | Michelle Russell

UK high street fashion chain Ted Baker is understood to be cutting more than a quarter of its workforce as the retailer battles weak consumer spending and a channel shift to online.... read more


Leicester garment industry dominates headlines

13 July 2020 | Michelle Russell

UK fast fashion retailer Boohoo Group has dominated the headlines in the last week after media reports surfaced of exploitation and unsafe conditions at one of its Leicester-based supplier factories, which is reportedly paying staff just GBP3.50 (US$4.38) an hour.... read more


Ted Baker raises GBP105m to invest in business

18 June 2020 | Michelle Russell

Struggling UK fashion retailer Ted Baker has raised GBP105m (US$131.2m) in capital to reduce its debt and invest in new efforts to try to turn the business around after posting a near GBP80m annual loss earlier this month.... read more


Industry weathering the storm of the Covid-19 pandemic

15 June 2020 | Michelle Russell

Trust, people and partnerships – key tenets underpinning fashion supplier and sourcing powerhouse PDS Group – have been tested to the limit during the coronavirus pandemic. But they've also stood the business in good stead, helping to not only weather the storm but reposition it to emerge even stronger from the crisis.... read more


Retail in spotlight as bankruptcies stack up

18 May 2020 | Michelle Russell

The impact of the coronavirus (Covid-19) pandemic is starting to be felt more heavily across the retail sector with more bankruptcies emerging.... read more