Next news and archive

Next's annual profit rises 14.5 percent amidst strong international performance

UK-based retailer Next has reported a significant increase in profitability for the year ending January 2026, driven by a surge in overseas online sales and improved margins. The group’s profit before tax reached 1,158 million pounds (1,547 million dollars), marking a 14.5 percent increase compared to the previous year. Statutory profit before...

Fashion

Loughborough fashion students impress NEXT with sustainable capsule collections

Second-year students from Loughborough University’s School of Design and Creative Arts have earned praise from high-street retailer NEXT after designing sustainable capsule collections for a live industry brief. The project challenged students to develop six-look ranges that combine trend-relevant fashion with environmental responsibility for a...

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Business

Next takes over Russell & Bromley brand in strategic deal

The future of the venerable British footwear retailer Russell & Bromley has been secured following a strategic acquisition by retail giant Next plc. Under the terms of the agreement, Next has acquired the Russell & Bromley brand name and associated intellectual property for a sum of 2.5 million pounds (3.35 million dollars), with an additional...

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Business

Next edges closer to Russell & Bromley takeover

Next is reportedly getting closer to taking over footwear label Russell & Bromley. New reports have suggested that the British fashion giant has appointed clearance specialist Retail Realisation to form a deal for the ailing brand. According to industry sources for Sky News, Next and Retail Realisation are forming a proposal for the Russell &...

People

Next board member exits after 40 years, new sales and marketing director named

British retail giant Next has announced the planned departure of Jane Shields from its board, bringing to an end a 40 year tenure for the executive. She will retire from the company in May 2026. Shields first joined Next in 1985 as sales director, before moving up into roles of increasing responsibility to eventually become group sales,...

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Business

Next records surge in Christmas sales and raises full-year profit outlook

Next Plc issued a robust trading update today, revealing that full-price sales for the nine weeks ending 27 December 2025 climbed 10.6 percent compared to the previous year. This performance significantly exceeded the Group's earlier guidance of 7 percent for the period, driven primarily by a massive surge in international demand. Highlights of...

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Business

Next reportedly mulling LK Bennett rescue bid

British retail giant Next is said to be among the parties eyeing a rescue bid for ailing fashion brand LK Bennett. According to sources for Sky News, Next is reportedly mulling a “cut-price offer” for LK Bennett and other intellectual property assets as the brand readies itself for administrator intervention. LK Bennett’s small estate of retail...

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Business

Next said to be among suitors for Russell & Bromley takeover

British retailer Next is reportedly among a string of suitors eyeing an acquisition of Russell & Bromley. The family-owned footwear business announced in October that it was seeking external financing as part of the next phase of its ReBoot turnaround plan. Next is said to be among the interested parties, according to sources for Sky News, with...

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Business

Next sells plot of land for 54.1 million pounds

British retail giant Next has sold a plot of land in Essex generating the company net cash proceeds after costs of 54.1 million pounds. In a regulatory filing, Next said the transaction also brings in an exceptional profit – meaning the deal does not form a part of its normal business – of 16.3 million pounds. The plot of land, located near...

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Business

Next exceeds Q3 growth expectations, driving upward revision of forecasts

Next has upgraded its profit forecast for the full year, announcing a 30 million pounds increase in its guidance for profit before tax, which now stands at 1.14 billion pounds. This uplift follows a much stronger-than-expected performance in the third quarter ended October 25, 2025, where full price sales grew by over 10.5 percent, exceeding the...

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Retail

Global brands intensify focus on India’s fast-expanding consumer base

Global fashion and luxury brands are increasingly shifting their focus to India as growth in mature markets stagnates, according to a report by The Economic Times. The attraction is grounded in India’s large population of aspirational, younger consumers with rising incomes — a demographic that is reshaping spending patterns and brand strategies....

Retail

Gap to return to UK retail, plots three new standalone stores

Gap is set to return to brick-and-mortar retail in the UK with the opening of three new standalone stores. According to Drapers, the brand, which had shuttered its UK and Ireland stores back in 2021, has plotted new locations across London in a bid to grow and elevate its store footprint in the region. Its new sites are located in Westfield...