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Next cautious on second-half trading outlook

Fashion retailer Next has today reported a 13.8% rise in first-half profit and stuck to its full-year profit forecast but said it remained cautious about trading for the rest of the year, expecting sales growth to slow.

Business • 18 Sep

Next sales boosted by warm weather and M&S disruption

Clothing retailer Next has today raised its annual profit outlook for the third time in five months after reporting better than expected second-quarter sales, benefiting from warm weather and disruption at cyberattack-hit rival Marks & Spencer.

Business • 31 Jul

Next made £1.011 billion in 2024/25, topping £1 billion for the first time

Next raises profit outlook again on strong trading

Clothing retailer Next has nudged up its full year profit outlook for the second time in two months after first quarter full-price sales rose by a better-than-expected 11.4%, with a spell of warm weather boosting demand for summer ranges.

Business • 08 May

Next has today raised its guidance for sales and profit growth in its new financial year

Next reports over £1 billion profit for first time

Clothing retailer Next has today reported a 10.1% rise in annual profit, making in excess of £1 billion for the first time, and raised its guidance for sales and profit growth in its new financial year.

Business • 27 Mar

Next has reported a better-than-expected 6% rise in full-price sales for the nine weeks to December 28

Next raises profit outlook again after strong Christmas

Clothing retailer Next edged up its annual profit outlook for the fourth time in six months after a strong Christmas but warned of a slowdown in its home market in its new financial year as tax rises bite.

Business • 07 Jan

Next has reported a better-than-expected 7.6% rise in third quarter full price sales

Next expects to join £1 billion profit club

Next said today it expected to report annual profit in excess of £1 billion for the first time in its history in its current financial year, underscoring the success of the British clothing retailer.

Business • 30 Oct 24

Next has reported a 7.1% rise in first half to July pretax profits

Next on track for almost £1 billion in annual profit

Clothing retailer Next said today it was on track to make an annual profit of almost £1 billion as it raised its forecast for the second time in two months after better than expected recent trading.

Business • 19 Sep 24

A UK Employment Tribunal ruled that Next had failed to show that paying its sales consultants, who are overwhelmingly women, lower pay rates than its warehouse workers was not sex discrimination

Thousands of UK workers at Next win equal pay case

More than 3,500 current and former UK shop workers at retailer Next have won a six-year legal fight for equal pay, lawyers representing the claimants said today.

Business • 27 Aug 24

Next said full price sales in its second quarter to July 27 rose 3.2% - ahead of guidance of a fall of 0.3%

Next raises profit outlook after Q2 sales beat forecasts

Clothing retailer Next has raised its full year profit outlook after strong online trading overseas drove a better than expected second quarter sales performance.

Business • 01 Aug 24

Next has today reported a 5.7% rise in first-quarter full-price sales - slightly ahead of its guidance

Next keeps profit guidance after first-quarter sales rise

Clothing retailer Next has today kept its forecast for annual profit after reporting a 5.7% rise in first-quarter full price sales, slightly ahead of its guidance.

Business • 01 May 24

Next has today reported a slightly better than expected 5% rise in profit for 2023-24

Next keeps profit outlook after 5% rise in 2023-24

Prospects for Britain's consumers are the brightest since before the pandemic, clothing retailer Next said today, helping its shares to a record high after it posted a 5% rise in annual profits and kept its guidance for the current year.

Business • 21 Mar 24

Next has raised its profit forecast for the year to the end of January 2024 for the fifth time in eight months

Next upgrades its full year profit outlook again

Clothing retailer Next has today raised its profit forecast for the year to the end of January 2024 for the fifth time in eight months as it reported a better-than-expected rise in Christmas sales.

Business • 04 Jan 24

Next has reported a better-than-expected 4% rise in third quarter full-price sales

Next raises full year profit outlook again

Clothing retailer Next has today raised its full-year profit outlook for the fourth time in six months as it reported better-than-expected sales in a third quarter heavily impacted by variable weather.

Business • 01 Nov 23

FatFace trades online and from 180 stores in the UK and Ireland, as well as 28 in the United States and Canada.

Britain's Next to buy FatFace for £115.2m

British clothing group Next has agreed to buy FatFace in a deal valuing the fashion chain at £115.2 million, adding another brand to a fast-growing portfolio.

Business • 13 Oct 23

Next has been picking up stakes in or acquiring smaller retailers in recent years as it expands its Total Platform business

Next close to buying FatFace fashion chain - report

Retailer Next is close to buying fashion chain FatFace in a deal worth more than £100m, Sky News reported today.

Business • 11 Oct 23

Next made a pretax profit of £420m, on full price sales up 3.2%, for the six months to the end of July

Next raises full year profit outlook again

Clothing retailer Next has today raised its full-year profit guidance for the third time in four months as it reported a 4.8% rise in the first half of the year.

Business • 21 Sep 23

Next has teamed up with the Reiss family to buy Warburg Pincus's shares for £128m

Next ups stake in Reiss as Warburg Pincus exits

Next has agreed a deal to raise its stake in upmarket fashion chain Reiss Group to 72% from 51%, after the retailer teamed up with the Reiss family to buy Warburg Pincus's shares for £128m.

Business • 01 Sep 23

Next said it sees annual full-price sales 1.8% higher than in its last financial year

Next raises its annual profit guidance

Fashion retailer has today raised its guidance for annual profit by £10m to £845m after full price sales and the end-of-season summer sale came in ahead of forecasts.

Business • 03 Aug 23

The group said it had beaten its full price sales estimates by 93 million pounds in the period.

Next raises profit outlook on better weather

British fashion retailer Next has raised its sales and profit guidance for the year, saying trading had exceeded expectations on the back of warmer weather and a wages boost for consumers, sending its shares higher.

Business • 19 Jun 23

Next said its full price sales fell 0.7% in the 13 weeks to April 29, better than its guidance for a 2% fall

Next keeps profit guidance after quarterly sales dip

Fashion retailer has maintained its guidance for annual profit after reporting a smaller decline in first-quarter sales than it expected, saying it was too early in the year to change its outlook.

Business • 04 May 23

Next said it made a pretax profit of £870.4m in the year to January 2023 - beating expectations

Next stays cautious on outlook after profit rise

Fashion retailer Next has reported a better-than-expected 5.7% rise in annual profit and said it would not need to increase prices by as much as previously thought.

Business • 30 Mar 23

Next is seeing uncertainty over the consumer outlook and cost inflation

Next expects lower profit for 2023-24

Clothing retailer Next has forecast lower profit in its 2023-24 year, reflecting uncertainty over whether consumers would keep spending during a recession and as the group's costs rise.

Business • 05 Jan 23

Joules tried to secure new financing last week after a mild autumn hit sales of coats, Wellington boots and wooly jumpers.

UK clothing company Joules to call in administrators

The board of British clothing company Joules plans to appoint administrators after failing to find a new investor, becoming the latest retailer to face collapse as shoppers tighten their belts.

Business • 14 Nov 22

Next today reported a 0.4% rise in full price sales in its third quarter, slightly ahead of its expectations

Next maintains profit outlook after sales rise

Clothing retailer Next has today reaffirmed full-year guidance that was cut in September as it reported a 0.4% rise in third-quarter full-price sales, slightly ahead of its expectations, sending its shares higher.

Business • 02 Nov 22

Next said cutting its guidance was a difficult call, given sales in September had improved and the company may see benefits from recent government measures.

Next cuts profit forecast as shoppers feel the squeeze

The plunge in the value of the pound looks set to create a second cost of living crisis for consumers, clothing retailer Next warned today as it cut its sales and profit forecasts.

Business • 29 Sep 22