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FatFace relies upon Next to revive revenue growth
For the 35 weeks to January 27, UK-based clothing brand FatFace reported a stable period despite external economic headwinds with revenue declining to 180.4 million pounds. In October 2023, Next acquired a 97 percent controlling stake in FatFace resulting in the company filing statements for 35 weeks to align with Next’s reporting period. For...
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Next to launch new Seasons sub-site, snaps up shares in homeware brand
On the back of reporting a strong first half year, Next is continuing to emphasise its dominant place in the market with moves that hope to cement it in the luxury and homeware categories. Among these, the British retailer announced the launch of a third-party marketplace site, Seasons, which builds on the brand’s efforts to prioritise labels...
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Next lifts full year profit outlook by 15 million pounds
Next brand full price sales during the first six months increased by 4.4 percent and total group sales were up 8 percent to 2.9 billion pounds, while the company’s profit before tax of 452 million pounds, was up 7.1 percent. Full price sales over the first six weeks of the second half rose by 6.9 percent and Next now anticipates second half...
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