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Next pays penalty for chasing fast fashion as profits tumble - Evening Standard;

Next pays penalty for chasing fast fashion as profits tumble - Evening Standard

Evening StandardNext pays penalty for chasing fast fashion as profits tumbleEvening StandardNext today admitted it had taken its eye off the ball in a push to get trendier clothing into stores more quickly, triggering its first annual profit fall since 2009. An overhaul of the retailer's buying culture appeared to have backfired, contributing ...and more »

Next shares surge despite first profit fall in eight years - The Week UK;

Next shares surge despite first profit fall in eight years - The Week UK

The Week UKNext shares surge despite first profit fall in eight yearsThe Week UKNext's shares have rallied strongly in an otherwise flat market this morning, despite the clothing and homeware retailer reporting its first fall in profits since the financial crisis. Pre-tax profit dropped 5.5 per cent from £836.1m to £790.2m last ...and more »

EXTRA: Next Warns On Continued Challenges As Annual Profit Falls - London South East (registration) (blog)

EXTRA: Next Warns On Continued Challenges As Annual Profit FallsLondon South East (registration) (blog)LONDON (Alliance News) - Next PLC on Thursday reported a fall in profit in its recently-ended financial year as it struggled to grow sales in a "challenging year", and said it expects trading conditions in the new year to remain tough. But, shares in ...and more »

Next's profit drops for first time in 8 years - Financial Times;

Next's profit drops for first time in 8 years - Financial Times

Financial TimesNext's profit drops for first time in 8 yearsFinancial TimesNext has unveiled its first drop in annual profits in eight years, as the retail stalwart admitted to mis-steps in its fashion selection and said it was “legitimate to question” whether high street shops were an asset or a liability. Sample the FT's ...and more »

Next suffers first fall in profits since 2008 as it battles against online rivals, subdued shoppers and the slump in ... - This is Money;

Next suffers first fall in profits since 2008 as it battles against online rivals, subdued shoppers and the slump in ... - This is Money

This is MoneyNext suffers first fall in profits since 2008 as it battles against online rivals, subdued shoppers and the slump in ...This is MoneyHigh street retailer Next suffered its first profit fall for eight years in 2016 and has warned that 2017 is set to be 'another tough year.' With inflation rising and wages stagnating, shoppers were spending less on clothing last year and the group's ...and more »

Next shares soar despite first drop in profits for eight years - Telegraph.co.uk;

Next shares soar despite first drop in profits for eight years - Telegraph.co.uk

Telegraph.co.ukNext shares soar despite first drop in profits for eight yearsTelegraph.co.ukNext, the former high street darling, has suffered its first fall in profits since the recession and warned that it is “extremely cautious about the year ahead”. The FTSE 100 retailer said that it had been battling a “combination of economic, cyclical ...and more »

Next reports flat sales - Furniture News Magazine;

Next reports flat sales - Furniture News Magazine

Furniture News MagazineNext reports flat salesFurniture News MagazineNext has revealed "broadly flat" total sales for the year to January 2017, in what was a "challenging year" for the retailer. Whilst total sales for Next Retail declined by -2.9%, sales for Next Directory increased by +4.2%, benefiting from improved ...and more »

Next reports first annual profit fall since 2008 - London Loves Business;

Next reports first annual profit fall since 2008 - London Loves Business

London Loves BusinessNext reports first annual profit fall since 2008London Loves BusinessFashion retailer, Next has reported its first annual profit fall since the financial crisis of 2008. Pre-tax profits dipped 5.5 per cent from £836.1m to £790.2m last year. The firm said shoppers are changing the way they are spending, this isn't helped ...and more »

Next profits fall for first time in 8 years after “challenging year” - The Investment Observer

Next profits fall for first time in 8 years after “challenging year”The Investment ObserverNext (LON:NXT) has reported its first fall in annual pre-tax profits since the recession. The retailer has said that it remains “extremely cautious about the year ahead”. Profits fell 5.5 percent to £790 million as the full price sales dropped 1.3 ...and more »

Next reports falling profits and predicts tough year ahead - The Times (subscription);

Next reports falling profits and predicts tough year ahead - The Times (subscription)

The Times (subscription)Next reports falling profits and predicts tough year aheadThe Times (subscription)In a sign of how tough the British high street is the normally stalwart outperformer said that its underlying pre-tax profits had fallen by 3.8 per cent from £821.3 million to £790.2 million in the year to January 31. This was on total sales of just ...and more »

Next warns of price rises as profits fall for first time in eight years - The Guardian;

Next warns of price rises as profits fall for first time in eight years - The Guardian

The GuardianNext warns of price rises as profits fall for first time in eight yearsThe GuardianNext has reported its first fall in annual profits for eight years. Photograph: Paul Faith/PA. Next. Next warns of price rises as profits fall for first time in eight years. Retailer says it faces 'tough' year ahead with shoppers spending less on ...and more »

Next profit drops for first time in eight years as retail sales slide - City A.M.;

Next profit drops for first time in eight years as retail sales slide - City A.M.

City A.M.Next profit drops for first time in eight years as retail sales slideCity A.M.I report on retail and property for City A.M. I have covered the investigation i [..] Show more. Follow Helen. It has not been a good year for Next. Helen Cahill. Retail sales slumped at Next last year, leading to its first drop in profits for eight ...and more »

Next annual profits show first fall for eight years - Belfast Telegraph;

Next annual profits show first fall for eight years - Belfast Telegraph

Belfast TelegraphNext annual profits show first fall for eight yearsBelfast TelegraphHigh street giant Next has revealed its first fall in annual profits for eight years as it was hit by sliding sales and warned that 2017 is set to be "another tough year". The retailer posted a 3.8% fall in underlying pre-tax profits to £790.2 million ...and more »

Next sees first profit drop since 2008 - Retail Gazette (blog);

Next sees first profit drop since 2008 - Retail Gazette (blog)

Retail Gazette (blog)Next sees first profit drop since 2008Retail Gazette (blog)Next has released its annual financial results, reporting the first drop in annual profits for eight years and confirming predictions of a difficult period for the fashion retailer. Underlying pre-tax profits dropped by 3.8 per cent to £790.2 million ...and more »

Next posts first fall in profits in eight years as pound slumps and consumer behaviours change - The Independent;

Next posts first fall in profits in eight years as pound slumps and consumer behaviours change - The Independent

The IndependentNext posts first fall in profits in eight years as pound slumps and consumer behaviours changeThe IndependentRetailer Next has reported its first fall in annual profits in eight years and has said that the year ahead would likely be another tough one for the high street stalwart. The group reported that underlying profit before tax fell by 3.8 per cent in the ...and more »

Next warns of further challenges as profits fall - Insider Media;

Next warns of further challenges as profits fall - Insider Media

Insider MediaNext warns of further challenges as profits fallInsider MediaHigh street retailer Next has posted its first fall in profits for eight years and warned it remains "extremely cautious about the outlook for the year ahead". In its annual results for the year to 31 January 2017, Next posted a fall in underlying pre ...and more »

Next posts first slide in profits for eight years as poor stock and weak pound bite - International Business Times UK;

Next posts first slide in profits for eight years as poor stock and weak pound bite - International Business Times UK

International Business Times UKNext posts first slide in profits for eight years as poor stock and weak pound biteInternational Business Times UKNext posted its first fall in sales for eight years as the high street fashion chain was hit by tightening household budgets, weaker sterling and poor stock selection. The retail bellwether posted a 3.8% slide in annual pre-tax profits to £790.2m, down ...and more »

Profits fall at Next after 'challenging year' - Drapers;

Profits fall at Next after 'challenging year' - Drapers

DrapersProfits fall at Next after 'challenging year'DrapersPre-tax profit at Next for the year to 31 January fell 3.8% on 2016 amid “challenging” trading conditions on the high street. Total group sales edged down 0.3% to £4.1bn for the year as in-store sales slipped 2.9% on last year and online and catalogue ...and more »

Next suffers first profit fall since 2009 amid retail sales decline - Bdaily;

Next suffers first profit fall since 2009 amid retail sales decline - Bdaily

BdailyNext suffers first profit fall since 2009 amid retail sales declineBdailyUK retailer Next has revealed some gloomy figures for 2016 after suffering its first drop in profits since 2009. In what the clothing and homewares brand has described as a 'challenging year' Next saw its group-wide profits fall by 3.8% in the year ...and more »

Chairman steps down as Next profits fall - The Business Desk

Chairman steps down as Next profits fallThe Business DeskA huge drop of nearly 16% in its in-store sales has seen Enderby retail giant Next report a “challenging” year. Profits across the company for the year ending 31 January were down nearly 4% – Next's first fall in profits for eight years. The only ...and more »