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...
Mar 10, 2025
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"....
Feb 12, 2025
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...
Feb 10, 2025
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...
Jan 7, 2025
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...
Dec 23, 2024
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...
Nov 26, 2024
Womenswear brand Sosandar is expanding its reach and stepping into the homeware market through a new licensing agreement with British retail giant Next. The deal expands on the duo’s already existing relationship, through which Next continues to stock Sosandar’s clothing range where it has seen a reported “success”, according to this latest...
Nov 5, 2024
British retail giant Next is making an ambitious move into the premium fashion segment with the launch of Seasons, a new multi-brand e-commerce platform. The venture marks a significant strategic shift for the high street retailer, as it seeks to capture market share in the wake of recent industry consolidation. The platform will debut with a...
Oct 31, 2024
For the 35 weeks to January 27, UK-based clothing brand FatFace reported a stable period despite external economic headwinds with revenue declining to 180.4 million pounds. In October 2023, Next acquired a 97 percent controlling stake in FatFace resulting in the company filing statements for 35 weeks to align with Next’s reporting period. For...
Oct 28, 2024
On the back of reporting a strong first half year, Next is continuing to emphasise its dominant place in the market with moves that hope to cement it in the luxury and homeware categories. Among these, the British retailer announced the launch of a third-party marketplace site, Seasons, which builds on the brand’s efforts to prioritise labels...
Sep 24, 2024
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...
Sep 19, 2024
Superdry has secured a new licensing agreement with British retailer Next that will see the launch of the brand’s first kidswear collection. The line is to become available via Next’s own e-commerce platform and in select stores, according to Drapers, which initially reported the news. As part of the deal, Next will manufacture and distribute a...
Sep 10, 2024