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Next plots new office space in London
British retail giant Next has secured a new office space in London which will serve as a complementary addition to its existing headquarters in the city. The space has been let on a five-year term with Great Portland Estates (GPE), and will see Next move in at the end of March. Located at 31 Alfred Place, WC1, in Fitzrovia, the 11,500 square...
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Next raises profit outlook following strong Christmas
British clothing retailer Next reported full price sales increase of 6 percent during the Christmas trading period versus last year. The company said that the performance was due to the timing of the end-of-season sale. Adjusting for the effect of sales, underlying full price sales were up 5.7 percent, compared to the previous guidance of 3.5...
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Reiss increases sales and profit despite "challenging year"
For the year to January 27, 2024, women’s, men’s and children’s fashion brand Reiss reported total sales of 346 million pounds, an increase of 8.1 percent versus the previous year. The company said in a filing that pre-tax profit for the year of 32.1 million pounds was 10.2 percent above the last year. The company added that it managed to...
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