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UK: Next group revenue 2012-2020

The British fashion retailer Next’s revenue was for a while in a slow decline. While Next had a golden period of annual profits between 2012 and 2016, since then progress came to a halt and started a backwards slide. In 2020, Next generated a revenue of approximately 4.3 billion British pounds, which an improvement on previous few years' figures.  

Store sales suppressed by online

  As a multichannel retailer, Next sells its fashion lines in store locations and online. In fact, by 2018/19 the retailer’s online and store sales have almost evened out. Parallel to the notable drop in the retail sales of Next, online sales have surged ahead for the brand since 2010.   

Market share drops

  Next plc is a high street staple brand for fashion and clearly favoured by British women. Yet the falling revenue and profits inevitably led to a dive in the retailer’s share in UK apparel market. In 2018, the estimated market share was significantly lower than what the retailer enjoyed as recent as 2015.

Annual revenue of Next plc from financial year 2012 to 2020* in the United Kingdom (UK)

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Source

Release date

January 2020

Region

United Kingdom

Survey time period

Financial year ended January 2012 to financial year ended January 2020

Supplementary notes

* The source adds the following information: "Revenue represents the fair value of amounts receivable for goods and services and is stated net of sales taxes and returns."
Data for years prior to 2020 is taken from previous years' annual reports by the source.

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Statistics on "Clothing stores in the UK (Kantar Media TGI)"

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