Next warns of coronavirus blow to online and high street sales March 19, 2020 High street titan Next has warned coronavirus will produce a “very significant” sales blow in the coming year as travel restrictions dramatically damage the retail sector. Next, considered an economic bellwether, said it is now preparing for a “significant downturn” in 2020. “When the pandemic first appeared in China, we assumed that the threat was [...]
Retail Sales Hit by Biggest Slump on Record June 4, 2019 | City Talk Retail sales have taken a dramatic tumble in May, as already challenging retail conditions are set against a background of Brexit uncertainty. In total, sales for May declined by 2.7 per cent, the biggest drop since the British Retail Consortium (BRC) started the monthly survey 24 years ago. Britain’s retailers are warning that the decline [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 | City Talk By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Opinion divided on Next shares March 27, 2019 | City Talk After a drop below £50 for the first time this month, buyers are back. Our head of markets explains why. As expected, full-year profits at Next (LSE:NXT) have dipped slightly although in line with previous guidance, whilst revenues are ahead of expectations. The difference between the fortunes of stores and online is becoming increasingly marked. [...]
ASOS and Bonmarche in share price collapse March 25, 2019 | City Talk By Graeme Evans from interactive investor. Investors in these two high-profile retailers ran for the hills following the latest trading updates. While ASOS (LSE:ASC) and Bonmarche (LSE:BON) operate in two very different retail worlds, the pair have plenty in common from an investor viewpoint after their December profit warnings were followed by more disappointment last [...]
14 shares for your ISA March 9, 2019 | City Talk By Richard Beddard from interactive investor. Richard reveals three rules, codified in his Decision Engine, that reduce the stress of trading. Every five weeks I share my Decision Engine’s ranking table, which orders the shares I follow by the scores I have given them. The scores are a measure of confidence a company will turn [...]
Retail round up: What’s happening on the high street? January 11, 2019 | City Talk Not as bad as it could have been. That’s the general feeling about high street performance over Christmas after major retailers and the supermarkets published their festive figures this week. The British Retail Consortium says that 2018 was the worst Christmas for retails for 10 years but, as ever, the figures show there are winners [...]
Next’s share price jumps as it raises profit forecast after better than expected first half July 28, 2015 Next's share price jumped 1.4 per cent this morning, after raising its profit guidance for the full year following better than expected sales in the first half of this year. The high street chain is really showing Marks & Spencer how to do it. While its high street rival is struggling to get its [...]
Dixons Carphone boss Sebastian James steals Retail Week Power List crown from Next’s Simon Wolfson June 26, 2015 Dixons Carphone chief executive Sebastian James has been crowned the most powerful person in British retailing, knocking Next's Simon Wolfson off the top spot. James has stolen the number one position in Retail Week's annual Power List, published today, for his work successfully merging the two retailers, creating a £10bn business that swooped into [...]
Next share price edges higher following sales jump April 29, 2015 The figures Next's share price edged slightly higher by more than three per cent this morning, after the company reported batter-than-expected sales in the past three months thanks to temperate winter and spring weather. Full price sales rose 3.2 per cent in the period, beating the zero to three per cent rise the company itself forecast [...]