Home / Knowledge / News / Apparel/Garments / Next eyes strong end to 2013-14 amid robust Q3 revenue
Next eyes strong end to 2013-14 amid robust Q3 revenue
Nov '13
A bigger than expected rise in third quarter sales revenue has prompted Britain’s second largest clothing retailer, Next to raise its full-year profit guidance as a recovering economy pushes up consumer spending.
Sales of the Next Brand rose 4.3 per cent in the third quarter ended October 26, 2013 even as it underlined volatility in trading throughout the period.
Next, which has more than 500 stores in Britain and Ireland, had posted a sales growth of 2.3 per cent in the first half of 2013-14 while last quarter’s sales growth also surpassed the company’s guidance of 1 - 4 per cent for the second half of its current financial year.
The clothing retailer expects to earn a pre-tax profit of 650 to 680 million pounds in the full-year ended January 2014, up from a previous guidance of 635 to 675 million pounds.
Strong online offerings, new store openings and robust expansion in overseas markets have helped Next tide over challenging macro-economic conditions.
Next will benefit from the improving outlook for consumer spending in the UK but the pace of spending may be limited as inflation outpaces wage rises.
The company has raised its estimate for 2013-14 sales revenue growth to 2-3.75 per cent from 1.5-3.5 per cent forecasted earlier.
Next expects a 15-21 per cent growth in its earnings per share in 2013-14, up from a previous guidance of 12 -19 per cent. The company expects its EPS to be enhanced by share buybacks of at least 300 million pounds.
With the holiday shopping season round the corner, Next will be banking on its heavy advertising campaign for its all new winter collection to deliver a sales boost. The company has roped in supermodel Kendra Spears for showcasing its new collection.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search