NEXT also sells around 500 third-party brands through LABEL online. A combination of NEXT and other branded product provides customers with extensive product ranges, all as part of a convenient shopping experience. NEXT sources over 200 million of its own branded products globally from over 40 countries.
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How many next stores are there in the world?
Next PLC is a British multinational clothing, footwear and home products retailer headquartered in Leicestershire. It has around 700 stores, of which 550 are in the United Kingdom and Ireland, and around 200 are in continental Europe, Asia and the Middle East.
What else does next OWN?
Next has three main channels: Next Retail, a chain of 550+ retail branches in the United Kingdom; Next Directory, a home shopping catalogue and website with more than 3 million active customers, and Next International, with 180+ international stores.
What company owns next?
J Hepworth & Son, Gentleman’s Tailors is established in Leeds, England. Hepworth buys the chain of Kendalls rainwear shops to develop a womenswear group of stores called NEXT. The first NEXT womenswear store opens on 12th February.
Does next sell in Russia?
Next, which sells goods online and has a distribution centre in Russia, has stopped trading in the country.
Is Next doing well?
Fashion giant Next has reported a strong period of full-price sales growth as stores traded in line with expectations and its online channels far exceeded them.
Who is Next target customer?
Targeted at an age range between 20 and 46, with a focus on the 25–35 age group, the Next product range features high-quality, contemporary but not trendy styling, priced at levels affordable to the company’s targeted middle-class market.
Why is Next selling other brands?
The retailer’s CEO Simon Wolfson told the Telegraph that the company has been “quietly” building a platform over the past year that will allow it to run other fashion brands’ websites and back-end operations. Brands will then pay Next a fixed percentage of sales for the service, called Total Platform.
Why are Next so successful?
Outstanding omnichannel customer service is key
Next also has an ace up its sleeve. The great multichannel experience it offers doesn’t stop at the point of sale. A heritage based in remote communication with customers, rather than exclusively in store, might be offering a significant head start to the retailer.
Where do Next clothes come from?
Next is a British fashion and homewares retailer. It was founded in 1864, originally as a tailors, and today it is owned by shareholders on the London Stock Exchange. In 2021 it made £3.2 billion in revenue, making it the largest clothing retailer by sales in the United Kingdom.
Is NEXT ethical?
Little of its supply chain is certified by labour standards which ensure worker health and safety, living wages or other labour rights. It received a score of 31-40% in the 2021 Fashion Transparency Index. There is no evidence it implements practices to support diversity and inclusion in its supply chain.
When did NEXT start selling other brands?
The company’s noncore operations were sold off, starting with its jewelry store holdings to the Ratners Group in 1988, and ending with the sale of the Grattan mail order subsidiary to the German mail order specialist Otto Versand in 1991. In that same year, Next wrote off its British Sky Broadcasting investment.
How many stores does NEXT have in the UK?
NEXT Retail, a chain of around 510 stores in the UK and Eire. The majority of our stores sell clothing, footwear, accessories and/or home products; and we operate 37 large combined fashion and home stores. NEXT stores are an important part of our Online delivery service.
Which brands have pulled out of Russia?
Microsoft, IBM, Adobe, Netflix, Spotify, Intel, Nvidia and other tech powerhouses have slowed or stopped their Russia operations.
Is IKEA pulling out of Russia?
Swedish furniture giant Ikea is folding up its Russian presence, planning to lay off staff, shut offices and sell factories. This adds the world’s largest furniture brand to the list of Western corporations fully exiting Russia as the war in Ukraine grinds into its fourth month.
Has next pulled out of Russia?
High street chain Next has become the latest company to withdraw from Russia amid an exodus of western brands. The retailer, which sells goods online and has a distribution centre in Russia, told staff over the weekend that it was mothballing the warehouse.
Shares in the UK clothing retailer Next are close to an all-time high, thanks to a strategy that has seen the company sail through Covid-19 headwinds. With the start of the first lockdown last March, Next feared shuttering its high street stores would have a disastrous impact on finances.
WHAT ARE NEXT’s values?
Our commitment is to offer beautifully designed, excellent quality clothing and homeware products that are well made, functional and safe, sourced responsibly and provide outstanding value to meet or exceed our customers’ expectations.
Is Next PLC a good investment?
Next is ranked 7th out of the companies I follow most closely. A score of 8/10 suggests it ought to be a good long-term investment, although there are big challenges in the short and medium-term.
What age is next clothing aimed at?
When George Davis created Next in the 1980s it filled a gap in the market by delivering fashionable clothes for 25-45 year olds, those starting out on careers and family life.
WHAT IS Next plc unique selling point?
The USP or Unique Selling Proposition of Next PLC sprawls in being the second-largest clothing retailer by sales after Burberry in the United Kingdom as of 2020.