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Next stakes claim in premium fashion market with Seasons launch
British retail giant Next is making an ambitious move into the premium fashion segment with the launch of Seasons, a new multi-brand e-commerce platform. The venture marks a significant strategic shift for the high street retailer, as it seeks to capture market share in the wake of recent industry consolidation. The platform will debut with a...
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Next Q3 results exceed guidance, raises full year forecast
Next full price sales in the third quarter were up 7.6 percent versus last year, 2.6 percent ahead of the company’s guidance of 5 percent growth. The company attributed the strong performance to the early arrival of colder weather this year, versus an unusually warm September and early October last year. Next is increasing guidance for the...
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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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