Retail, NEXT, Continues To Struggle

Next has become the latest retail outlet to record a negative performance admitting that “2017 was the most challenging year we have faced for 25 years.”

The company reported an 8.1% fall in annual pre-tax profits to £726.1 million, while total sales dropped 0.5% to £4.1 billion.

Revenue at its shops slumped while online revenues grew by nearly 10% which helped soften the blow.

  • New Look cut 60 stores putting nearly 1000 jobs at risk
  • Jobs at risk as as Carpetright plans store closures

Chief executive Lord Simon Wolfson said its poor performance was due to “a difficult clothing market coincided with self-inflicted product ranging errors and omissions.

Follow us on social media for the latest updates in B2B!

Image

Latest

Al Purves discusses RenewAire BACNet Fan Controller
BACNet Fan Controller Helps Simplify Ventilation for Building Management
March 18, 2024

The importance of efficient and reliable ventilation systems cannot be overstated as it pertains to smart building management. But as buildings become more intelligent, integrating various systems to work in harmony has become both a challenge and a necessity. This is particularly true for systems that directly impact air quality and energy use.  RenewAire’s […]

Read More
in-vehicle entertainment
Beyond Sound: MTX Audio’s Integration in Polaris Slingshot Pushes the Boundaries of In-Vehicle Entertainment
March 18, 2024

The MTX Audio-enhanced Polaris Slingshot features a groundbreaking audio system that includes two MTX 75 Series 12” subwoofers and MTX Signature Series 3-way component speakers, powered by robust MTX amplifiers. An Apple® iPad® mini, seamlessly integrated into the custom dashboard, acts as the source unit. This high-powered setup ensures an immersive audio experience that […]

Read More
sound system
Unleash the Power of Sound: MTX Audio’s Sound System Takes the Polaris RZR to New Heights
March 18, 2024

The Blue Thunder Edition Polaris RZR XP 4 Turbo, a masterpiece crafted by MTX Audio in collaboration with Polaris, showcases an exceptional blend of high-performance off-roading and state-of-the-art sound system integration. The RZR features an advanced MTX Audio system designed to deliver superior sound quality even in the most rugged environments. The Blue Thunder […]

Read More
Dr. Anthony Smith, Superintendent of Clayton County Public Schools
The Power of BoxLight Technologies Transforms Clayton County Public Schools
March 18, 2024

The landscape of education has seen much evolution and school districts like Clayton County Public Schools have emerged as a beacon of innovation and commitment to student achievement, thanks to the leadership of Dr. Anthony Smith, district staff, educators, and the BoxLight team. Recognizing the central role of technology in modern learning, the district […]

Read More