Next, Retail industry, Business, Fashion, E-commerce, UK news, Fashion industry Business | The Guardian
Global reach of platforms such as Netflix, YouTube and TikTok ‘exposing people to international fashion trends’, says retailer• Business live – latest updatesNext has said international tastes in fashion are “converging” as tech platforms expose consumers to international trends, boosting the retailer’s overseas sales and helping it close in on £1bn in annual profits for the first time.The fashion and homewares retailer forecast its annual profits at £15m more than previously expected, at £995m – up from the £918m recorded in 2023 – after overseas sales rose by 23% in the six months to July, offsetting a near 1% decline in sales of Next-branded clothing in the UK. Continue reading…
Global reach of platforms such as Netflix, YouTube and TikTok ‘exposing people to international fashion trends’, says retailer
• Business live – latest updates
Next has said international tastes in fashion are “converging” as tech platforms expose consumers to international trends, boosting the retailer’s overseas sales and helping it close in on £1bn in annual profits for the first time.
The fashion and homewares retailer forecast its annual profits at £15m more than previously expected, at £995m – up from the £918m recorded in 2023 – after overseas sales rose by 23% in the six months to July, offsetting a near 1% decline in sales of Next-branded clothing in the UK.
