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?
Retailers – Next
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.
Is NEXT a big brand?
It has around 700 stores, of which circa 500 are in the United Kingdom, and circa 200 across Europe, Asia and the Middle East. Next is the largest clothing retailer by sales in the United Kingdom, having overtaken Marks & Spencer in early 2012 and 2014.
What else does NEXT OWN?
Launch of NEXT’s luxury Signature collection. NEXT acquires younger women’s fashion brand, Lipsy. NEXT extends its home shopping facility to the USA and over 30 other countries worldwide through Nextdirect.com. NEXT named British High Street Retailer of the Year.
Does NEXT sell in Russia?
Next, which sells goods online and has a distribution centre in Russia, has stopped trading in the country.
How many brands does Next have?
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.
Who is Next’s target market?
middle-class
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.
Who is Next’s biggest online competitors?
Top Competitors of Next
- Hobbs. 1,056. $181 Million.
- Phase Eight. 2,000. $422 Million.
- AllSaints. 3,200. $675 Million.
- Topshop. 18,000. $3 Billion.
- FatFace. 2,830. $300 Million.
- Peacock’s Stores. 1,384. $258 Million.
- Monsoon Accessorize. 3,500. $385 Million.
- Desigual. 3,700. $781 Million.
How ethical is Next?
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.
Why is Next 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.
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.
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.
What age is Next 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.
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?
Import and export of IKEA products to and from Russia and Belarus will remain stopped. The two Inter IKEA owned purchase and logistics offices in Moscow and Minsk will close permanently.
Who’s pulling out of Russia?
McKinsey & Company said it would not take on any new work in Russia, would stop work for state-owned entities and “will no longer serve any government entity in Russia.” The Big Four accounting firms — Deloitte, EY, KPMG and PwC — are pulling out of the country.
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.
What is the most famous clothing brand?
The FashionUnited Index of Most Recognized Fashion Brands gathers the largest fashion brands in the world by brand value.
Most valuable fashion brands.
| Brand | 2020 Brand Value $ | |
|---|---|---|
| 1 | Nike | $36.8 b |
| 2 | Louis Vuitton | $32.3 b |
| 3 | Hermes | $18.3 b |
| 4 | Gucci | $18.2 b |
Who have next bought out?
Next Plc has announced that it has purchased a 25 per cent stake in high street fashion chain Reiss, in a deal said to be worth around £200 million.
What pricing strategy does NEXT use?
Next’s pricing strategy, just like the target market, occupies a middle ground that is neither market skimming nor penetration pricing. Rather, it occupies a neutral zone and portrays the image of quality and design at a suitable price for the target consumer.
How much of NEXT sales are online?
In the financial year 2020/21, Next plc suffered a decline in both retail and online sales, due to the impact of the coronavirus (COVID-19). In that year, Next generated 955 million British pounds through its retail channel, and around 2.4 billion through online.