Next raises full-year guidance amid improved trading conditions
Next has updated its full-year guidance following an increase in total sales and profit before tax during the first six months of the year to July. During the period, the retailer reported a 5.4% rise...
View ArticleNext CFO to depart after 28 years
Next has revealed that its CFO, Amanda James, has decided to retire from full-time work after 28 years. The retailer also announced that the CFO of Reiss, Jonathan Blanchard will be her successor....
View ArticleNext acquires FatFace for £115.2m
Next has signed terms to acquire FatFace for £115.2m, which will be partly settled in cash and by the issue of the retail group’s shares and management equity rolling over into the new structure....
View ArticleNext lifts FY profit guidance despite autumn sales drop
Next has raised its full-year profit guidance for the fourth time this year, despite weekly sales falling by 7% in September due to the unusually warm weather. However, the retailer’s recent Q3...
View ArticleNext to close Bradford warehouse, 780 jobs at risk
Usdaw has entered into consultation talks with Next as the retailer plans to close a Bradford warehouse, putting 780 local jobs at risk. The news comes as Next wants to centralise its online...
View ArticleMade launches first store in Sheffield
Next has announced the opening of the first Made store, as it makes a return to the High Street. The new store opened its doors at Vulcan Road in Sheffield on Friday 24 November. Covering 4,000...
View ArticleNext Beauty CEO Amanda Scott resigns
Amanda Scott, Next Beauty’s chief executive has departed from her role, according to the Retail Week. For around five years Scott headed Next Beauty and led the brand’s first venture into the world of...
View ArticleNext profits hit record high of £918m
Next has revealed its profit before tax increased 5% to £918m as it focused on improving its product ranges, online service levels and managing its costs and profitability. It comes as group sales also...
View ArticleFatFace unveils leadership changes following Next acquisition
FatFace has announced several new appointments within its senior leadership team to help drive the business forward following the acquisition by Next back in October 2023. The retailer has created...
View ArticleNext and Frasers Group mulls bid for Ted Baker
Mike Ashley’s Frasers Group and Next have expressed interest in acquiring Ted Baker, according to the Times. The news comes after the fashion label collapsed into administration and appointed Teneo...
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