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Price rises and staff shortages
- Next has warned of price rises and staff shortages before Christmas unless immigration rules are eased. The High Street chain said some areas of its business were "beginning to come under pressure", including warehouse and logistics staffing. It blamed higher shipping costs, particularly for larger furniture items, for pushing up its prices.
www.bbc.co.uk/news/business-58731504
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Sep 29, 2021 · 29 September 2021. Comments. Brexit. Getty Images. Next has warned of price rises and staff shortages before Christmas unless immigration rules are eased. The High Street chain said some areas of...
Jan 5, 2021 · Like other retailers, Next has also benefited from lower return rates in its online business. But the latest round of trading restrictions will still hurt.
- Jonathan Eley
- Read: Next Shares Surge as The Fashion Retailer Lifts Full-Year Estimates
- Next Still Not Out of The Woods
- Next Directory Driving Growth
- Cooler Weather to Boost Next's Sales
- UBS Lifts Full Year Estimates
The group said while the retail environment remained tough its prospects appeared "somewhat less challenging” than they did six months ago. Next also said slump in the pound had not affected the business as much as it anticipated. It initially thought prices would rise by 5% on the weaker pound but excess capacity in the clothing manufacturing sect...
Some analysts said that although Next’s prospects seemed to have improved it is still not out of the woods amid softer consumer spending, hit by rising inflation and weak wage growth. In fact, the company said the wider economic environment, clothing market and High Street look “as challenging as ever” and did not underestimate the task of managing...
Next’s improvement has been driven by growth in its online shopping arm Directory. In the first half the business saw full price sales growth of 7.4% and a total sales increase of 5.7% to £868.4mln as the number of active customers rose 4% to 4.9 million. Wilson noted that the group’s leases by value will have expired within the next 10 years, givi...
Next may also receive a boost by the earlier-than-usual arrival of cooler weather that could increase sales of Autumn/Winter items and kick-start the run in to the key Christmas period, according to Mike van Dulken, head of research at Accendo Markets. The company has been lucky with the weather recently, returning to quarterly sales growth in the ...
UBSraised its full year pre-tax profit forecast by £10mln after the first half results beat its expectations and the company raised its own estimates. In the second half it expects the like-for-like sales decline in the retail business to ease to 8% from 10% in the first half and sees Directory full price sales growth of 7% in line with the previou...
Jul 17, 2022 · Last modified on Sun 17 Jul 2022 17.55 EDT. The retailer Next has apologised to staff for months of salary underpayment caused by the botched implementation of a new computer system.
- Jasper Jolly
Jan 7, 2022 · Market analysts have warned that a fifth profit upgrade for Next Plc in the space of 10 months hasn’t been enough to drive the share price higher as inflationary pressures on the company and consumers in general threatened a tough year ahead. The Leicestershire-based fashion and homewares giant said Christmas 2021 sales had been helped by ...
- Tom Pegden
Sep 21, 2023 · Retailer ups full-year expectations for third time in four months as it signals prices could fall for first time in at least two years. Sarah Butler. Thu 21 Sep 2023 12.09 EDT.
Aug 7, 2022 · Next said that in light of the problems it had introduced a separate IT system to cross-check Oracle’s output and reduce incorrect payments, and that in the latest payroll round the number of...
