Live Support

In-depth Discussions

Annual profits at Next have fallen 8% after what the retailer described as its most challenging year for 25 years.

The company said pre-tax profits dropped to £726.1m in the 12 months to January, marking the second year in a row that profit has declined.

Next said that sales of full-priced products at its stores tumbled in contrast to online demand.

It blamed "a weak clothing market" as well as "self-inflicted product ranging errors and omissions".

Full priced sales at its shops fell by 7% but rose by 11.2% online. Total revenue for the year fell by 0.5% to £4.1bn.

...

BBC News

You need to be a member of People's Forum to add comments!

Join People's Forum

Email me when people reply –

Discussion Area

This area is for people to post and view discussions. You can use the the tabs at the top of the page to filter the discussion to the topics you want.

If you would like to start a discussion please click Add Discussion