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Next, Primark and Tesco back WRAP initiative to overhaul UK textile collections
Next, Primark and Tesco are backing a new industry-wide programme led by NGO Waste and Resources Action Programme (WRAP) to redesign the UK’s textile collection system, addressing rising waste volumes and falling resale values put pressure on the sector. The Textiles Collections Transition Programme aims to improve how used textiles are...
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Next boosts full year profit guidance as international online sales surge
UK clothing and homeware retailer Next Group has increased its full year profit before tax guidance by 12 million pounds to 1.26 billion pounds (1.69 billion dollars) following better-than-expected sales growth and operational cost savings. For the first half ending August 1, 2026, Next reported a 9 percent increase in total Group sales to 3.54...
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Next raises full year profit outlook following strong second quarter sales
UK clothing retailer Next plc (Next) has upgraded its full year pre-tax profit guidance after second quarter full price sales outperformed internal forecasts. Full price sales for the 13 weeks to August 1, 2026 rose 9.2 percent compared to the same period in the prior year, exceeding the company’s expectation of 4 percent. The Leicester-based...
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