FY2017 was very challenging for Next and seems to be one of the toughest for many years. The company has reported declining sales and profits which were expected. Full-year sales were down 1% to £4,055m. Next brand’s full-price sales were up 0.7%, while sales including markdowns decreased by 0.6%. Online sales have increased by 9.2% to £1,887m, which mitigated the 7.9% drop in retail sales (£2,123m). Overseas sales outperformed with growth of 26% to £295m. As reg

23 Mar 2018
Positive long-term stance

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Positive long-term stance
Next plc (NXT:LON) | 7,286 437.2 0.1% | Mkt Cap: 9,238m
- Published:
23 Mar 2018 -
Author:
Rim BEN SALAH -
Pages:
3 -
FY2017 was very challenging for Next and seems to be one of the toughest for many years. The company has reported declining sales and profits which were expected. Full-year sales were down 1% to £4,055m. Next brand’s full-price sales were up 0.7%, while sales including markdowns decreased by 0.6%. Online sales have increased by 9.2% to £1,887m, which mitigated the 7.9% drop in retail sales (£2,123m). Overseas sales outperformed with growth of 26% to £295m. As reg