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/

Credit Suisse today upgrades its investment rating on Next PLC (LON:NXT) to neutral (from underperform) and raised its price target to 5800p (from 4350p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

I've just noticed - the flag GG (I assume Georgia) isn't correct?

Don't tell everyone. lol Must be Guernsey.

No - Georgia and Guernsey:-

Just squint. lol

Trading statement

31 Oct
UBS
N/A
Buy
31 Oct
Peel Hunt
N/A
Hold

31 Oct
Shore Capital
N/A
Hold

31 Oct
Liberum Capital
N/A
Hold

Proactive investor -

Next's Christmas trading to be hit by Brexit and mild weather, says Jefferies
Share
10:28 21 Dec 2018
In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p.

Jefferies expects a 3% cut to Next's full year pre-tax profit guidance
Mild weather and a Brexit-induced weakness in consumer confidence are bound to have affected Next PLC’s (LON:NXT) Christmas trading performance, Jefferies said.
In a note to investors, titled a “Messy Xmas”, Jefferies maintained a ‘hold’ rating on Next but cut its target price to 4,600p from 5,600p.

Next will be the first retailer to report its Christmas trading update on January 3.
Jefferies expects a 3% cut to the fashion retailer’s full year pre-tax profit guidance of £727mln, saying recent comments from peers and industry data confirmed the UK apparel market saw a solid October but a weak November.
ASOS PLC (LON:ASOS) issued a profit warning on Monday after a poor trading performance in November, a key month for the online fashion retailer.
The news dented investors’ hopes that Christmas sales would help retailers turn around its sales performance for the year.

"Whilst some big days of December trading are still ahead of us, we don't expect the protracted softness which spilled into December to be recovered," Jefferies said.
"Looking at the early months of 2019, much of the outlook continues to be dictated by what shape the Brexit discourse will take."
The first quarter of 2019 will be compared to last year’s weak performance when the so-called ‘Beast from the East’ meant customers stayed indoors during icy temperatures and heavy snowfall.RE
READ: Next shares slip as sales at retail stores fall further in third quarter
Jefferies said this makes for “good chances” of a solid transition into spring and summer clothing ranges.
“But whether UK consumers take full advantage of their improved ability to spend (with disposable income growth currently at more than 3%) will depend on politicians steering the Brexit process through calmer waters (the w/c 14 January parliamentary vote being the next big step),” the broker said.
Jefferies cuts profit forecast for Next
Against a tough retail backdrop, Jefferies estimates Next will report a 13% decline in like-for-like sales at its retail stores in the fourth quarter, compared to the 10.2% drop it previously expected. This is expected to be offset by growth in the Directory, Label and international businesses.
“We assume Xmas trading performance slightly softer than that in retail, with full price retail like-for-like -13.5% giving Brand sales of -2.9%.
“Combined with a slightly softer gross margin estimate (given no progress in mix in favour of full price sales in Q4) this sees us cut our full year pre-tax profit forecast from £726mln to £705mln (vs current guidance at £727mln).”
For the 2019/20 financial year, Jefferies expects pre-tax profit of £706mln, supported by full price brand growth of 3.1% (Retail like-for-like -4.7%, Directory +10%).
Jefferies said the recent sell-off has seen the shares de-rate to a FSTE discount of 20%, versus an historic range of -30% to 30%.
The broker currently prefers “more growthy” names like Primark owner Associated British Foods PLC (LON:ABF) and B&M European Value Retail (LON:BME), which have “experienced as extreme a reset in the valuation context”.

Proactive investor -


High street updates, US jobs, UK PMIs to provide focus after New Year holidays
Share
11:50 28 Dec 2018
There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC

Next's last comments were that they expected less stock into the post-Christmas Sale than last year, which could help clearance rates
Next PLC (LON:NXT) will, as traditional, lead the way in the Christmas trading update season in the coming foreshortened trading week, with its peak period sales report scheduled to be released on 3 January although investors will also be keeping an eye out for any unscheduled retail updates amid worries about troubled times on the UK High Street.
Lee Wild, head of equity strategy, interactive investor, commented: “Already struggling to grow sales in the run-up to Christmas, a profit warning from ASOS PLC (LON:ASC) has dealt a massive blow to both online and high street fashion retailers.

“Next is not immune, already warning in September that the UK retail market remains volatile and is subject to ‘powerful structural and cyclical changes’.”
He added: “Next shares have lost almost a quarter of their value since the end of November, and now look cheap assuming sales do keep growing.
“Forecasts are for annual mid-single-digit profit growth over the next five years, which is hardly aggressive, but fear is that near-term headwinds could threaten full-year sales and profit guidance.”
Next sales growth forecast of 1%
In a note at the beginning of December, analysts at UBS said they believe Next’s full-year pre-tax profit guidance is unlikely to change much from the £727mln consensus if its full price sales forecast for 1% growth in Next Brand sales for the fourth quarter is met.
That is in line with company guidance made on 1 November, although temperatures since then have probably been a little milder than apparel retailers would prefer, and the British Retail Consortium’s apparel category in November was relatively weak.
However, against this, the UBS analysts added, online apparel sales was one of the fastest growing categories, with estimated year-on-year growth of around 7% last month.
Next's last comments were that they expected less stock into the post-Christmas Sale than last year, which could also help clearance rates, the analysts added.

A 2019 tip value share - Interactive investor -


Value-based income
Next (NXT)
Share price £51.50; earnings yield 7%; dividend yield 3.1%
In this period of heightened competition there will be winners as well as losers among retailers. I reckon fashion and homeware retailer Next is a winner. While the profitability of its retail estate is declining, it is still profitable. Under its eminent chief executive Lord Wolfson, the company is ensuring it commits to short leases and making maximum use of space in its shops. Meanwhile, Next already earns more profit online and it is positioning itself as a distributor of other non-competing brands.

2 Jan
UBS
N/A
Buy

proactive investor -


Next to take lead on Thursday with post-Christmas trading update
Share
12:30 02 Jan 2019
The clothing retailer is the first of a deluge of updates from the sector expected over the next few weeks, with many forecasting a sharp downturn for the traditionally busy trading period

Next is expected to keep its full-year pre-tax profit guidance at around £727mln
Next PLC (LON:NXT) will be kicking off the post-Christmas deluge of retailer updates on Thursday following what has been a rough few months for the sector.
Lee Wild, head of equity strategy, interactive investor, commented: “Already struggling to grow sales in the run-up to Christmas, a profit warning from ASOS PLC (LON:ASC) has dealt a massive blow to both online and high street fashion retailers.

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“Next is not immune, already warning in September that the UK retail market remains volatile and is subject to ‘powerful structural and cyclical changes’.”
He added: “Next shares have lost almost a quarter of their value since the end of November, and now look cheap assuming sales do keep growing.
“Forecasts are for annual mid-single-digit profit growth over the next five years, which is hardly aggressive, but fear is that near-term headwinds could threaten full-year sales and profit guidance.”
Analysts predict unchanged profit forecasts
In a note at the beginning of December, analysts at UBS said they believe Next’s full-year pre-tax profit guidance is unlikely to change much from the £727mln consensus if its full price sales forecast for 1% growth in Next Brand sales for the fourth quarter is met.
That is in line with company guidance made on 1 November, although temperatures since then have probably been a little milder than apparel retailers would prefer, and the British Retail Consortium’s apparel category in November was relatively weak.
However, against this, the UBS analysts added, online apparel sales was one of the fastest growing categories, with estimated year-on-year growth of around 7% last month.
Next's last comments were that they expected less stock into the post-Christmas Sale than last year, which could also help clearance rates, the analysts added.

Trading statement

A bit 'leaky' yesterday?



03 Jan 2019 Liberum Capital Buy 4304.00 6100.00 Upgrades
03 Jan 2019 Peel Hunt Hold 4304.00 5250.00 Retains
03 Jan 2019 RBC Capital Markets Outperform 4304.00 6300.00 Reiterates
03 Jan 2019 Shore Capital Hold 4304.00 Reiterates

10:10 04/01/2019
Broker Forecast - Goldman Sachs issues a broker note on Next PLC
Goldman Sachs today reaffirms its neutral investment rating on Next PLC (LON:NXT) and cut its price target to 4800p (from 5800p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
10:00 04/01/2019
Broker Forecast - Berenberg issues a broker note on Next PLC
Berenberg today upgrades its investment rating on Next PLC (LON:NXT) to hold (from sell) and raised its price target to 4100p (from 3800p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Well dare I say I know the real reason for Next’s success. If you have a look at their 2018 Xmas video (on their web site) the chocolate lab is called Walt, our dog, and he paid for our Xmas for his part in the video. Happy new year Walt.

Wow, well done. A lot of companies use dogs but for no payment. Used to have a neighbour who bred Labrador’s . The pups would be in a well known toilet paper advert on tv but for vey little payment.

martini only spent a fiver on christmas for his whole family, and that included the wine

I only spent £6 :-))

That’s right cynic Walt paid the other £995.