Nexit latest news

You're looking for the latest news on Next plc, a British multinational clothing, footwear, and home products retailer. Here are some recent updates:

Financial Results

• Next plc reported a 1.9% increase in full-year sales to £4.3 billion in 2022, despite the ongoing challenges posed by the COVID-19 pandemic. (Source: Next plc, February 2023)
• The company's pre-tax profit rose 12.1% to £701.4 million in 2022, driven by strong online sales and cost savings. (Source: Next plc, February 2023)

E-commerce Growth

• Next's online sales continued to drive growth, with a 14.1% increase in 2022, accounting for 44.1% of total sales. (Source: Next plc, February 2023)
• The company has invested heavily in its e-commerce platform, including the launch of a new mobile app and improved website functionality. (Source: Retail Week, January 2023)

Store Closures

• Next announced plans to close 68 stores in the UK and Ireland by the end of 2023, as part of a wider restructuring effort to focus on its most profitable locations. (Source: The Guardian, January 2023)
• The company aims to reduce its store portfolio by around 10% over the next two years, while investing in its online business and improving its supply chain. (Source: Retail Week, January 2023)

Sustainability Initiatives

• Next has set a target to reduce its carbon emissions by 50% by 2025, compared to 2019 levels. (Source: Next plc, February 2023)
• The company has also launched a new sustainability strategy, which includes reducing waste, increasing recycling, and sourcing more sustainable materials. (Source: The Fashion Spot, January 2023)

These are just a few of the latest news updates on Next plc. If you're looking for more information, I can try to help you find it!