Next PLC news and archive

Next Q3 results exceed guidance, raises full year forecast

Next full price sales in the third quarter were up 7.6 percent versus last year, 2.6 percent ahead of the company’s guidance of 5 percent growth. The company attributed the strong performance to the early arrival of colder weather this year, versus an unusually warm September and early October last year. Next is increasing guidance for the...

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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...

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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...

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...

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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...

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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...

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 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...