E. Tcholakova
Research expert covering Fashion, Apparel, Footwear and Accessories industries, as well as non-food FMCG in the Nordics.
Next plc - statistics & facts
Next plc is a British high street retailer that mainly sells apparel and accessories. The company also sells items for the home and garden, from sofas to flowers and plants. Founded in 1864 in Leeds, England, the company has expanded to locations across United Kingdom and Ireland and beyond, with franchises in other countries. Over the years, Next has grown by acquiring other clothing and homeware companies, such as Joules, made.com, and part of Reiss.
Next plc has solidified its position as a leading British high street retailer, boasting a strong presence on the British Isles, as well as across continental Europe. Focused on growth, the company has plans to expand market reach by launching a new website that features premium fashion brands like Ganni, Joseph and Rixo. With this new project in motion, Next is prepared to reinforce its appeal to consumers of various tax brackets.
Next’s sales and revenue
In Next’s financial year 2024, which ended January 27, 2024, the company made revenues totaling nearly five and a half billion British pounds. This represented record revenues for the retailer, improving on the previous year’s revenue by roughly 400 million pounds. Outside of the UK, where the vast majority of revenue is generated, Next made approximately 530 million pounds in revenue in the rest of Europe, making it the second largest market. This was followed by the Middle East and then Asia. For the past five years online sales have been higher than retail sales, reaching more than three billion pounds in 2024.Competitors
Next was ranked as best-known fashion store brand in the United Kingdom in 2024, with 94 percent of consumers saying they recognized the brand, with Primark coming in as a close second, and M&S in third place. Primark operates at the value end of the market and made a revenue of nine billion pounds in the company’s 2023 financial year. Marks and Spencer advertises itself as a more upmarket retailer. As well as fashion and homewares, M&S also has a large food division.Next plc has solidified its position as a leading British high street retailer, boasting a strong presence on the British Isles, as well as across continental Europe. Focused on growth, the company has plans to expand market reach by launching a new website that features premium fashion brands like Ganni, Joseph and Rixo. With this new project in motion, Next is prepared to reinforce its appeal to consumers of various tax brackets.
