Fashion retailer Next is in talks with American investment firm Davidson Kempner Capital Management for a joint bid to gain control of Arcadia fashion group, which collapsed into administration last month, Sky News reported on Friday. The two companies were “likely, but not certain” to bid for Arcadia ahead of a revised deadline next Monday, […]

Retail Asia27/03/2017

Next profits have fallen for the first time in nearly a decade. The UK high street fashion retailer said pre-tax profits fell 3.8 per cent to £790.2 million last fiscal year. Emily Stella, a senior retail analyst with GlobalData, says the company has faced numerous challenges over the last year: erratic weather, rising import costs […]

Retail Asia10/02/2017

New Look’s share of the UK clothing market has fallen to 2.6 per cent for calendar year 2016 – from 2.7 per cent in 2015. Stores have failed to drive the necessary footfall to return its like-for-like performance to positive territory, with year-to-date (39 weeks to 24 December 2016) UK like-for-likes are down 7.3 per […]

Retail Asia09/01/2017

Fashion chain Next needs to carefully rethink who its customers are and how best to attract them to avoid falling into the same trap as M&S, says a retail analyst. The UK-based retailer has released its fourth quarter results for 2016, described by Emily Stella, analyst with Verdict Retail, as “poor” against a weak comparative. “The […]

Retail Asia28/11/2016

Mothercare is in the process of a much needed turnaround strategy for its UK business that aims to bring the UK side of its proposition back to profit. After a reasonable first quarter result, the retailer has felt the effects of a tougher economic climate in the second, with like-for-likes dipping into negatives for the […]

Retail Asia25/05/2016

Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main beneficiaries. As the deadline for bids for BHS looms, hopes […]

Retail Asia20/05/2016

Against a bleak background of stalling sales from major high street players such as Next and Primark, SuperGroup has posted a stellar set of full-year results. Strong growth was achieved across both its retail and wholesale divisions – 24.5 per cent and 13.7 per cent respectively – contributing to total group revenue of £589.5 million. […]

Tag: Next

British retailer Next, US investor plan joint bid for Arcadia

Next faces a downturn

New Look loses market share in tough year

Fashion chain Next faces crossroads

Mothercare recovery hits a bump

M&S, Debenhams stand most to gain from BHS breakup

SuperGroup’s stellar performance