Next warns of coronavirus blow to online and high street sales March 19, 2020 High street titan Next has warned coronavirus will produce a “very significant” sales blow in the coming year as travel restrictions dramatically damage the retail sector. Next, considered an economic bellwether, said it is now preparing for a “significant downturn” in 2020. “When the pandemic first appeared in China, we assumed that the threat was [...]
Next raises forecast after Christmas sales beat expectations January 3, 2020 Clothing retailer Next continued its strong progress as the company beat its internal forecast for its Christmas performance by 1.1 per cent. In a trading statement, the company said that total full price sales for the fourth quarter were up 5.2 per cent, with sales for the full year up 3.9 per cent. Read more: [...]
Next sales beat guidance, but store performance worries investors October 30, 2019 Next sales beat guidance in the retailer’s third quarter with a two per cent rise, it revealed today. However, retail sales dropped 6.3 per cent in the three months to the end of October, saved by a 9.7 per cent increase in online revenue. Read more: Next defies retail gloom with rise in profits Warm [...]
Next boss: Brexit deal can be struck – but we need nerves of steel August 13, 2019 Next boss Lord Wolfson has said the country needs “nerves of steel” in the coming weeks, but is still hopeful a deal can be struck on Brexit. Wolfson, who advocated Leave during the referendum, has been critical of the previous government’s handling of no deal contingency planning, warning that it could lead to “chaos and [...]
Next leads FTSE 100 as it ups profit forecast after sales boost July 31, 2019 High street retailer Next announced this morning it expects to make more profit this year than previously forecast after a boost in full price sales. Shares in the company rose more than seven per cent this morning as it increased its full year profit guidance by £10m to £725m, a boost of 0.3 per cent [...]