NEXT is a UK based retailer offering exciting, beautifully designed, excellent quality

fashion and accessories for men, women and children together with a full range of

homewares# NEXT distributes through three main channels:


■NEXT Retail, a chain of more than 500 stores in the UK and Eire;
■NEXT Directory, a home shopping catalogue and website with around 3 million active customers and international websites serving approximately 50 countries; and
■NEXT International, with almost 200 mainly franchised stores around the world#
Other businesses in the NEXT group include:■NEXT Sourcing, which designs, sources and buys NEXT branded products;
■Lipsy, which designs and sells its own branded younger women's fashion products through retail, internet and wholesale channels; and
The parent company, NEXT plc, is listed on the London Stock Exchange #LSE: NXT#L# and is a member of the FTSE 100 Index# Total revenues for the year ended January 2012 were £3#5 billion with underlying pre-tax profits of £570 million# NEXT's head office is located in Enderby on the outskirts of Leicester, England

http://www.next.co.uk/

Next has the longest history of consistent execution. It has first-mover advantage in multi-channel retail and is fully invested with capex of less than 3% sales in the next three years. 'Buy' with a target price of 7,740p is teh broker's view.



http://www.proactiveinvestors.co.uk/columns/broker-spotlight/16193/broker-spotlight-next-vodafone-takeovers-barclays-igas--16193.html

Next- Topped out for now?

why would you think that?

Just looks ripe for a fall.
Two years with hardly a pull back.
Not been near 200MA since August 2011

Dont think there is much left for the "Next" man

Please excuse the pun

i have long liked this company above all others on the high street, and you'll find i have posted as much - they got their fashion-designing mojo back after many years of being fusty and dull

Next also now have a hugely successful on-line business, which i believe is even bigger than ASOS in UK

unfortunately i haven't held the stock for a while as the price (not to be confused with value) is really a bit on the rich side

British retailers set to take on payday lenders with credit union that will offer cheap loans


By Adrian Lowery

Published: 15:16, 31 May 2014 | Updated: 15:34, 31 May 2014

A group of major High Street retailers are taking on controversial payday lenders with plans for a credit union, it was reported today.


In a bid to offer an alternative to the hefty interest rates charged on payday loans, New Look and Next are among names to have signed up to RetailCure.


The scheme is expected to charge interest from roughly 7 per cent to nearly 28 per cent depending upon the borrower's credit history.
High Street giant Next is one of the retailers said to be signed up to RetailCure.

People who borrow £400 over 30 days from a payday loan firm are stung with an interest fee of around £127, while the same loan would cost just £8 from the credit union.


Veteran retailer John Lovering, who has led buyouts of companies including Debenhams, Homebase and Somerfield, will chair the organisation, which is set to be launched later this year.


He told Sky News: 'The industry feels that we have to find a way of providing a source of cheap, reliable credit for our people.



John Lovering in his days at Homebase in 2001.


'The three million in retail and the nearly five million in the wider industry do have a need for low-cost, value-for-money, short-term borrowing facilities, and that's what we as an industry are trying to provide.'


Payday lenders have proliferated on Britain's high street in recent years but with interest rates of up to 5,000 per cent per annum, they have been accused of tempting vulnerable people into a spiral of debt.


The Archbishop of Canterbury, the Most Rev Justin Welby, waded in to the row last year by saying he wanted to 'compete' payday loan firm Wonga out of business. But the comments sparked embarrassment when it was later revealed that the Church of England's pension fund invested indirectly in Wonga.


Earlier this week the Church of England unveiled a new scheme to pilot a credit union network in three of its dioceses.


Those behind RetailCure say they believe it will ultimately become Britain's biggest credit union by dramatically undercutting payday loan firms.

Next shares suffer heavy slump as fashion director heads for US rival Abercrombie & Fitch


http://www.dailymail.co.uk/money/markets/article-2654474/Next-shares-suffer-heavy-slump-fashion-director-heads-rival.html

Broker spotlight - Next, Cairn Energy, Genel Energy, Merlin, Seeing Machines ...
By Philip Whiterow
June 30 2014, 12:51pm


Next (LON:NXT) has a tailwind behind it and Credit Suisse expects results next month to confirm the strong momentum.

Even though comparisons and the weather not as helpful, the broker assumes second quarter sales growth of 8% and has raised its full year sales forecast by almost 2% to 7.9%.

Credit Suisse notes though that its current year profit before tax, of £791mln, is at the top of company guidance and about 3% above consensus.

So even though its target price rises to 6,800p from 6,500p, the verdict remains ‘neutral’ down to the demanding long-term assumptions, the likelihood that Next's core customer is relatively sensitive to higher interest rates and recent outperformance.

1 Jul Jefferies... 7,500.00 Buy

Ex dividend Wed 9 July - 93p

11 Jul Deutsche Bank 6,700.00 Hold

Trading statement Tues 29 July

Sharecast - Tuesday preview: Next to report earnings

Mon, 28 July 2014


Next may on Tuesday report second quarter sales growth towards the upper end of guidance, according to estimates by Numis.

The UK retailer reported a 10.8% increase in Brand sales in the first 13 weeks of the year, with retail up 8.8% and Directory up 13.7%.

"This was comfortably ahead of the +4% to +8% Brand sales guidance provided at the preliminary stage and, notwithstanding the tougher second quarter comparatives, the company raised its full year sales guidance to +5.5% to +9.5%," Numis said.

"The first quarter performance benefitted from much better weather and second quarter comps are also slightly tougher."

Trading Statement



http://www.moneyam.com/action/news/showArticle?id=4857549

Next ups guidance again as online sales surge

By Philip Whiterow

July 29 2014, 8:40am
Retail sales in the three months to 26 July rose by 6.4%, while catalogue and online sales were 18.8% better.
Retail sales in the three months to 26 July rose by 6.4%, while catalogue and online sales were 18.8% better.


High street clothing powerhouse Next (LON:NXT) raised its estimates for a second time this year as first half sales rose by more than 10%.

The group now expects annual sales to grow in a range of between 7-10%, from 5.5-9% previously, while profits will be in a range of £815mln to £775mln, compared to £790m to £750mln, or a 17% rise at the top end.

Next said it was not being overly cautious in predicting full year sales range below the current rate of growth, but was allowing for the bitterly cold weather last year that made a soft comparison this time.

Retail sales in the three months to 26 July rose by 6.4%, while catalogue and online sales were 18.8% better. Overall, sales rose by 10.7% out of which new space added 2.4%.

The group paid has paid a combined total of £328mln in special dividends and share buybacks so far this year and said it does expect to pay any further special dividends in the current year.

30 Jul Numis 6,750.00 Hold
30 Jul Citigroup 7,600.00 Buy
30 Jul Deutsche Bank 6,700.00 Hold
30 Jul Jefferies... 8,000.00 Buy
29 Jul Investec 7,000.00 Hold
29 Jul Cantor... 7,400.00 Buy

Next: Berenberg raises target price from 7740p to 8075p maintaining a buy recommendation.

11 Aug Barclays... 6,700.00 Equal weight

12 Aug Exane BNP... 6,200.00 Neutral

Next PLC (NXT:LSE) set a new 52-week high during today's trading session when it reached 6,915. Over this period, the share price is up 43.96%