Next news and archive

Next rescues Seraphine from administration, upgrades full year profit guidance

Next is continuing its acquisition spree. The British retail giant has bought maternity brand Seraphine out of administration and, as a result, 95 employees have been made redundant. The deal, valued at 600,000 pounds, includes certain assets of the Seraphine business, including the brand and intellectual property. Next said it intends to “...

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Next and Frasers said to be in running for Seraphine rescue deal

Following Seraphine’s descent into administration last week, speculation over potential saviours are beginning to swirl. Among them, British retail giants Next and Frasers Group are said to be frontrunners in potential deals to rescue the maternity wear brand. According to sources for Drapers, dubbed “several industry veterans”, the two firms...

Retail

Next opens first store with FatFace concession

Next is doubling down on its “one-stop shop” concept with the opening of a new flagship store housing its first-ever FatFace concession. Located at Lakeside Shopping Centre, the 83,000 square foot store offers all key departments, from womenswear to home, as well as dedicated spaces for Bath & Body works and Costa Coffee. Its additional...

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Discarded clothes from British brands found in Ghana’s protected wetlands

Discarded garments from the likes of Next, George at Asda, Primark, H&M, Zara and Marks & Spencer have been uncovered in new dumps in the protected wetlands of Ghana, an hour outside the region’s capital city, Accra. According to an investigation by Unearthed and Greenpeace Africa, synthetic fast fashion from the UK and Europe was found in two...

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Quarter of Next shareholders vote in favour of call for wage transparency

Shareholders at Next have revolted against the company over its alleged lack of transparency when it comes to wages. Such a sentiment was shared in the British retailer’s latest Annual General Meeting, during which over 26 percent of shareholders voted for a resolution calling for the disclosure of wage-setting principles and practices. In a...

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Next reports ‘better than expected’ Q1 as sales rise 11.4 percent

British retail giant Next has posted “better than expected” results for the first quarter of 2025. In the 13 weeks to April 26, the company reported a 11.4 percent increase in full price sales, when compared to the same period of the year prior. The results were boosted by a 29.6 percent uptick in online international sales, as well as the...

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Next plots new office space in London

British retail giant Next has secured a new office space in London which will serve as a complementary addition to its existing headquarters in the city. The space has been let on a five-year term with Great Portland Estates (GPE), and will see Next move in at the end of March. Located at 31 Alfred Place, WC1, in Fitzrovia, the 11,500 square...

Fashion

Next must remove ad featuring 'unhealthily thin' model

British fashion retailer Next must remove one of its advertisements from its website after a complaint about the model. This was announced today by the Advertising Standards Authority (ASA), the independent British regulator for advertising, after an investigation into a complaint. The complainant found that the model looked "unhealthily thin"....

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UK retailers reportedly mull US subsidiaries and halting Chinese imports amid tariff shifts

US president Donald Trump brewed up what could be considered the beginning of a trade war last week when he announced a series of tariffs and impending tariffs on some of the world’s largest markets, including China. From the get-go, Trump has made it clear that the UK and the EU are also being considered in the way of tariffs, leaving many...

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Next raises profit outlook following strong Christmas

British clothing retailer Next reported full price sales increase of 6 percent during the Christmas trading period versus last year. The company said that the performance was due to the timing of the end-of-season sale. Adjusting for the effect of sales, underlying full price sales were up 5.7 percent, compared to the previous guidance of 3.5...

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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...

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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...