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Next PLC (NXT.L)

NXT.L on London Stock Exchange

5,790.00GBp
3:39pm IST
Change (% chg)

30.00 (+0.52%)
Prev Close
5,760.00
Open
5,722.00
Day's High
5,802.00
Day's Low
5,706.00
Volume
36,305
Avg. Vol
435,622
52-wk High
6,218.00
52-wk Low
3,970.00

Latest Key Developments (Source: Significant Developments)

Ted Baker Enters License Agreement With Next Plc For Childrenswear Products
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Ted Baker PLC ::APPOINTMENT OF NEW CHILDRENSWEAR LICENCE PARTNER.ENTERED INTO A NEW PRODUCT LICENCE AGREEMENT WITH NEXT PLC TO ACCELERATE EXPANSION OF TED BAKER'S CHILDRENSWEAR COLLECTIONS.NEXT WILL CREATE AND SELL TED BAKER CHILDRENSWEAR PRODUCTS IN COLLABORATION WITH CREATIVE TEAM AT TED BAKER.AGREEMENT WITH NEXT PLC WILL RUN FOR AN INITIAL FIVE-YEAR PERIOD.NEW COLLECTIONS WILL LAUNCH IN SPRING 2020 AND SOLD THROUGH NEXT'S RETAIL CHANNELS AND WHOLESALE RELATIONSHIPS, TED BAKER'S WEBSITES.DOES NOT ANTICIPATE A MATERIAL FINANCIAL IMPACT FROM AGREEMENT WITH NEXT IN CURRENT FINANCIAL YEAR NOR IN 2020/21 FINANCIAL YEAR.CO'S CURRENT CHILDRENSWEAR PRODUCT RELATIONSHIP WITH DEBENHAMS WILL END ON 29 FEBRUARY 2020.CO RETAINS RELATIONSHIP WITH DEBENHAMS WHICH REMAINS A LICENCE PARTNER FOR LINGERIE AND NIGHTWEAR.  Full Article

Next CEO: Brexit concerns not hitting consumer confidence
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Next PLC ::CEO SAYS MAY-JUNE PERFORMANCE MORE INDICATIVE OF UNDERLYING DEMAND THAN VERY STRONG JULY.SAYS BETTER STOCK MANAGEMENT, MORE FREQUENT REPLENISHMENT HELPED DRIVE SALES.SAYS CUSTOMERS' EARNINGS GROWTH UNDERPINNING CONSUMER CONFIDENCE, NO SIGN OF WEAKENING ON BREXIT CONCERNS.SAYS ACHIEVING SIGNIFICANT REDUCTIONS IN RENTS ON STORE LEASE RENEWALS.CEO SAYS THE GOVERNMENT IS DOING THE RIGHT THING IN SERIOUSLY PREPARING FOR A NO-DEAL BREXIT.CEO SAYS NEXT IS PREPARED FOR NO-DEAL AND WHILST NOT BEST OUTCOME, RETAILER IS READY FOR IT AND CAN'T SEE ANY SERIOUS OPERATIONAL PROBLEMS.  Full Article

Next Says ‍Michael Law Will Retire As Group Operations Director
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Next Plc ::‍MICHAEL LAW, GROUP OPERATIONS DIRECTOR, WILL RETIRE FROM COMPANY IN JULY 2018 AND STEP DOWN FROM BOARD AT AGM ON 17 MAY 2018​.‍RICHARD PAPP WILL JOIN BOARD OF NEXT PLC ON 14 MAY 2018 AS AN EXECUTIVE DIRECTOR AND NEW GROUP MERCHANDISE AND OPERATIONS DIRECTOR​.  Full Article

Next CEO says business "exactly where we thought it would be"
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Next :Shares down 7 percent as Q3 sales fall short of expectations, says trading "extremely volatile".CEO commenting on Q3 outcome says business is "exactly where we thought it would be".CEO says UK interest rates would have to go up about 1 percent before having major impact on consumer spending.  Full Article

UPDATE 1-Next Plc to replace Debenhams as Ted Baker's childrenswear license partner

Aug 16 Fashion retailer Ted Baker Plc said on Friday it had signed a new product license agreement with Next Plc, replacing Debenhams next year, to expand its collection of childrenswear.