Next share price slumps on gloomy prediction for UK economy September 18, 2025 Next shares sunk on Thursday morning after the retailer issued a stark warning that the UK faces ‘anaemic’ growth due to a combination of technological and regulatory changes. Despite reporting a 10 per cent rise in half-year sales, the FTSE100 company flagged “strong evidence” of a material squeeze on wider UK employment levels due to [...]
Retailers’ woes stretch into second day after bearish Deutsche note August 27, 2025 A sell-off affecting some of the UK’s largest retailers has extended into a second day, after an analyst warned the spectre of higher taxes in the Autumn Budget, a softening labour market and sticky inflation will dent consumers’ spending habits. Shares in AB Foods, Wickes and B&Q-owner Kingfisher all shed between one and 1.5 per [...]
Seraphine: Princess of Wales’ favourite owed a king’s ransom August 15, 2025 Seraphine, the maternity fashion retailer whose clothes were worn by the Princess of Wales, owed over £33m as it collapsed into administration before being rescued. The business ceased trading and entered administration in July with consultancy firm Interpath appointed to oversee the process. The move led to the majority of its 95-strong staff being made [...]
FatFace slims down workforce as brand returns to profit August 14, 2025 FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]
M&S cyberattack helps Next to beat expectations again July 31, 2025 High Street darling Next has said that good weather and the disruption to Marks & Spencer caused by its recent cyberattack has helped it to beat expectations yet again. The Lord Wolfson-run fashion group said full price sales were up over 10 per cent in the first half of this year, nearly £50m ahead of [...]
How a slow burning legal battle could cost UK supermarkets millions July 24, 2025 UK supermarkets are struggling through turmoil but quietly in the background, an ongoing legal battle is unfolding that could cost them millions
Next boss Lord Wolfson in calls for ‘renewed centre right’ July 19, 2025 Lord Wolfson, the boss of retail giant Next, has called for a “renewed centre right” which champions the free markets’ importance in raising living standards. Wolfson, a Conservative life peer and prominent supporter of Brexit, argued a “commitment to liberty” should form the basis of the right-wing movement in the UK. “This classical liberalism stands [...]
JD Sports: CEO’s bonus cut as FTSE 100 giant loses £1bn profit race to Next June 2, 2025 The boss of JD Sports has missed out on a major pay day after the FTSE 100 retailer lost the race to report a profit of £1bn to Next. Régis Schultz took home a pay packet of just over £2m for the Greater Manchester-headquartered group’s latest financial year, up from the £1.5m he received in [...]
Historically sunny spring to set UK retailers up for a bumper quarter May 10, 2025 The UK’s sunniest spring on record has encouraged Brits into brick and mortar stores in a much-needed boost for Britain’s struggling retailers. Britain experienced its sunniest April ever in 2025, while Wales, Scotland, and Northern Ireland each recorded their second sunniest. The effect has been to loosen wallets and “encourage shoppers to head out to [...]
How did Next become an online shopping behemoth? May 8, 2025 A better-than-expected set of first-quarter results from Next this morning has highlighted its growing reputation as an online fashion platform. Online sales, which account for around 30 per cent on overall sales, grew by 8.9 per cent in the UK and 29.6 per cent internationally. Internet-based sales have been a bigger driver of revenue over [...]