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
. The store also has franchises in other countries. Next has expanded over recent years by acquiring other clothing and homeware companies, such as Joules, made.com, and part of Reiss.
Next’s sales and revenue
In Next’s financial year 2023, which ended January 28, 2023, the
company made revenues totaling more than five 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 415 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 four years
online sales have been higher than retail sales, reaching more than three billion pounds in 2023.
Competitors
Next ranked as the
best-known fashion store brand in the United Kingdom in 2022, with 94 percent of consumers saying they recognized the brand. Primark and M&S made up the top three, both of which also have a homewares range.
Primark operates at the value end of the market and made a revenue of 7.7 billion pounds in the company’s 2022 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.
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