Next PLC news and archive

Next raises profit guidance by 10 million pounds

British fashion retailer Next has increased its full-year profit outlook following strong summer sales. The company announced Thursday that full price sales in the second quarter increased 6.9 percent on the prior year. The company is increasing its full-year guidance for profit before tax by 10 million pounds to 845 million pounds. It said the...

Business

UK's Next raises full year profit outlook

Next Plc reported full price sales in the first seven weeks of the second quarter increased 9.3 percent versus last year compared to the company’s guidance of negative 5 percent. In the period under review, Next beat its full price sales estimates by 93 million pounds. After the positive trading performance, the company has revised the full...

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Next posts sales and profit growth

Full price sales at Next plc were up 6.9 percent versus 2021/22 and up 20.5 percent versus 2019/20. The company said in a release that total trading sales including markdown sales were up 8.4 percent versus 2021/22 and up 20.6 percent versus 2019/20. Next pre-tax profit was 870 million pounds, up 5.7 percent versus 2021/22 and up 16.3 percent...

Fashion

Athleta launches in the UK via joint venture with Next

US premium sports and activewear brand Athleta, acquired by Gap in 2008, has officially entered the UK market via Gap Inc’s joint venture with Next PLC. The move expands the Gap partnership, which has seen the apparel brand reintroduced to the British high street with shop-in-shops in Next stores across the UK, as well as the arrival of Banana...

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Next Christmas sales increase by 4.8 percent

Sales in the Christmas period to December 30 at Next plc were up 4.8 percent versus last year. This, the company said in a statement, was 66 million pounds better than its previous guidance of negative 2 percent for the period. Based on its results, Next has increased the full year pre-tax profit guidance by 20 million pounds to 860 million...

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Next cuts guidance as rising inflation dampens consumer demand

Full price sales at Next plc were up 12.4 percent versus 2021 and up 22.3 percent versus 2019. Total trading sales including markdown sales were up 12.8 percent versus 2021 and up 21.3 percent versus 2019. Profit before tax was 401 million pounds, which was up 15.5 percent versus 2021 and up 22.4 percent versus 2019. However, Next has reduced...

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Gap returns to the UK and France with new partnerships and strategy: But what about its products?

Gap Inc. is reinvigorating its European sales strategy, having announced two regional launches, including the migration of the UK’s e-commerce business to Next Total Platform and a standalone e-commerce website in France. Gap in a statement said it aims to fuel further growth in Europe and capitalise on the opportunity to amplify the brand’s...

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Next posts sales growth, raises profit outlook

British fashion retailer Next has reported a 5 percent year-over-year increase in full price sales in the second quarter, 50 million pounds ahead of the company’s previous guidance. Excluding Russia and Ukraine, full price sales were up 6.3 percent. Next is maintaining its full price sales guidance for the second half at a 1 percent increase,...

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Next sales increase 21.3 percent, maintains pre-tax profit outlook

In the thirteen weeks to April 30, full price sales at Next plc were up 21.3 percent versus last year, in line with the retailer’s previous guidance for the period. The company is maintaining its guidance for full year pre-tax profit of 850 million pounds, which would be up 3.3 percent versus last year. Guidance for earnings per share is 557.3p,...

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Next lowers sales and profit outlook

In the 12 Months to January 2022, Next brand full price sales increased by 32.4 percent compared to the prior year and by 12.8 percent compared to two years earlier. The company’s pre-tax profit of 823 million pounds was up 140 percent year-over-year and up 10 percent year-over-two-years. Earnings per share came in at 530.8p, up 138 percent...

Retail |In Pictures Featured

Gap returns to the British high street with Next

Gap has opened its first branded shop-in-shop within Next’s Oxford Street store in London, in a return to the British high street, following the closure of all of its UK stores in 2021 after a strategic review of its business. The first Gap shop-in-shop is located within Next’s largest West End store on London’s Oxford Street and will be the...

BusinessFeatured

Next reports strong trading, raises outlook

In the eight weeks to December 25, full price sales at Next plc were up 20 percent versus two years ago. This, the company said, was 70 million pounds ahead of its previous guidance for the period. For the full year, Next now expects full price sales growth of 12.8 percent versus 2019/20, 70 million pounds ahead of the previous guidance. The...