Next was widely credited with revolutionizing high street fashion during the 1980s, establishing a middle ground between teen-oriented outlets such as Top Shop and more conservative Marks & Spencer. It is now the UK's #3 clothing and fashion retailer with more than 500 stores. In addition, the company operates a substantial mail order and internet business in the UK under the Next Directory banner, which also now sells third-party brands. It is also building a wider international profile through a worldwide ecommerce service and a small but expanding portfolio of mostly franchised stores.
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Who are the competitors of Next? See Clothing & Fashion Sector index for other companies.
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Adbrands Weekly Update 20th Mar 2014: There are also storm clouds gathering over Marks & Spencer following latest market share figures which showed further declines in the group's fashion business. Its share of the total fashion market slipped by 0.4% in the 12 weeks to mid-Feb, compared to an increase at Next and flat performance by Debenhams. If that pattern continues for the full quarter to March it would be the 10th consecutive decline for M&S fashion business. Meanwhile Next reported a 12% increase in annual profits to £695m, a figure that is higher than M&S is expected to report for the year. That will put Next ahead of M&S, once Britain's most profitable retailer, for the first time.
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