Next PLC news and archive

From shop floor to head office: a journey into NEXT's trainee programme

Meet Ella, originally a NEXT Sales Team member and now one of our newest members of the NEXT Trainee Programme. In this interview, we sat down with her to explore her journey from Retail to Merchandising at NEXT's Enderby Campus. Read on to hear more about the skills needed to take on the role, and how she's found the transition from retail to...

Business

Next Q1 sales increase, maintains profit outlook

In the first quarter, full price sales at Next were up 5.7 percent versus last year, slightly ahead of the previous outlook of an increase of 5 percent. Maintaining its sales and profit guidance for the full year, the company said in a statement that it continues to expect group profit before tax to be 960 million pounds, up 4.6 percent and...

Business

Next raises profit outlook after "better than expected" December quarter

Next plc full price sales during the months of November and December were better than anticipated. The company said in a statement that in the nine weeks to December 30, full price sales were up 5.7 percent versus last year, which was 38 million pounds ahead of the previous guidance of up 2 percent for the period. Next has increased its full...

Business

Next Q3 sales ahead of guidance, raises profit outlook

Full price sales Next in the third quarter were up 4 percent on last year, 23 million pounds ahead of the company’s guidance which was to be up 2 percent. Next is increasing full year guidance for profit before tax by 10 million pounds to 885 million pounds. “Our revised guidance for full year full price sales growth is now 3.1 percent; this...

BusinessFeatured

Jonathan Blanchard to replace Amanda James as Next CFO in 2024

After 28 years of service, Amanda James, Next's chief financial officer, has decided to retire from full time work, and will step down from the board with effect from July 26, 2024. “We are pleased to announce that Amanda’s successor will be Jonathan Blanchard, currently CFO at Reiss. Jonathan will join Next in February 2024 and take over as CFO...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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...

BusinessFeatured

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...