Next news and archive

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...

Retail

Next to move into one of its largest UK stores in Kent

Next is upsizing an existing store at Bluewater, Kent, into a 133,000 square foot location that will become one of the British retailer’s largest stores in the UK. The site, which is currently occupied by House of Fraser, will allow Next to offer an enhanced product range in a “state-of-the-art” space, while further supporting its omnichannel...

Business

Next chooses Zeos as fulfilment partner in continental Europe

British fashion retailer Next has selected Zeos, the business-to-business unit of Zalando, as its fulfilment partner in continental Europe. In a statement, Next said that while it had previously leveraged Zalando Fulfilment Solutions (ZFS) for the majority of its Zalando-based business, this new agreement with Zeos Fulfilment expands its...

Business

Sosandar to expand into homeware through Next licensing deal

Womenswear brand Sosandar is expanding its reach and stepping into the homeware market through a new licensing agreement with British retail giant Next. The deal expands on the duo’s already existing relationship, through which Next continues to stock Sosandar’s clothing range where it has seen a reported “success”, according to this latest...

Retail

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...

Business

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...

Business

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...

BusinessFeatured

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...

Business

Superdry and Next partner on kidswear licence

Superdry has secured a new licensing agreement with British retailer Next that will see the launch of the brand’s first kidswear collection. The line is to become available via Next’s own e-commerce platform and in select stores, according to Drapers, which initially reported the news. As part of the deal, Next will manufacture and distribute a...

Business

Thousands of Next staff win equal pay battle

Following a six-year legal battle, thousands of Next employees have won the right for equal pay and are therefore in line to receive what could be thousands of pounds in compensation. Over 3,500 current and former staff of the British retailer are among the claimants to receive owed back-pay that reportedly amounts to more than 30 million...

BusinessFeatured

Next increases profit forecast by 20 million pounds

In the second quarter, full price sales at Next plc were up 3.2 percent versus last year, exceeding the company’s expectations by 42 million pounds. The company had forecasted that sales in the second quarter would be down 0.3 percent. Next raises full year profit outlook Next has increased profit guidance for the full year by 20 million pounds...

Fashion

AllSaints expands licensed product ranges

British fashion retailer AllSaints is launching five new licensed product ranges in 2024, as part of its 30th anniversary celebrations. The licensed product launches include eyewear, kidswear, fragrances, men’s tailoring and underwear, and are being introduced to expand the reach of the AllSaints brands. Catherine Jobling, chief operating...