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Thursday, 22nd March, 2007
Next Announces Retail Business OverhaulNext today announced an overhaul of its retail business, after reporting a decline in profits within retail for the year to January 31, 2007. Next also forecast further profit declines within its retail division for the first half of 2007, with like-for-like sales set to fall by up to 4 per cent.
Next said: "We believe the consumer environment will remain challenging. Whilst we are still cautious for the year ahead we do expect to make progress in stabilising Next Retail like for like sales."
However, Next's directory business, Next Directory, performed much better over the financial year, with sales up 13.1 per cent as the customer base expanded by 6.4 per cent and the number of catalogue pages increased by 13.6 per cent.
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Next Directory, UK Information
The UK direct home-shopping company - clothes, home furnishings and more. Order your Next Directory catalogue online from the Next website; contains all the in-store products and lots of special deals. The Next Directory is published twice a year in January and July and contains over 1,000 pages of womens, mens, childrens fashion clothing, and homewares with contemporary and classic styling. Customers who shop with Next will also receive a copy of the Next Directory Summer and Christmas Books in March and October. New customers may open a flexible payment account with Next Directory to make shopping with Next easier, although please note that only UK residents can apply for the book.
Official Website: http://www.next.co.uk
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