Interviews
Fashion retailer Next retail sales up 7%
15 Sep '05
3 min read
The majority (87 percent) of new space came from opening stores in out of town retail parks where the combined offer of Womens, Mens, Childrens and Home gives us the critical mass required to make these locations a success.
All new stores are appraised on the basis that they must make a net store profit of at least 15 percent on sales before central overheads and pay back the net capital invested in less than 24 months.
In assessing the payback they account for the loss of profit from nearby stores that they expect to suffer a downturn as a result of the new opening. They are now forecasting that the new space opened in the first half will beat our appraised sales targets by 3.5 percent and pay back the net capital invested in 17 months.
Click here to see more details:
UK's fashion company Next PLC trades from over 380 stores in the UK and Eire and 80 franchise stores overseas. Over the last few years several larger format stores have opened across the UK and, in the winter of 2005, NEXT will be the anchor store at the new Manchester Arndale Centre with a store in excess of 80,000 square feet. It offers men's, women's and children's fashion clothing and home furnishings.
All new stores are appraised on the basis that they must make a net store profit of at least 15 percent on sales before central overheads and pay back the net capital invested in less than 24 months.
In assessing the payback they account for the loss of profit from nearby stores that they expect to suffer a downturn as a result of the new opening. They are now forecasting that the new space opened in the first half will beat our appraised sales targets by 3.5 percent and pay back the net capital invested in 17 months.
Click here to see more details:
UK's fashion company Next PLC trades from over 380 stores in the UK and Eire and 80 franchise stores overseas. Over the last few years several larger format stores have opened across the UK and, in the winter of 2005, NEXT will be the anchor store at the new Manchester Arndale Centre with a store in excess of 80,000 square feet. It offers men's, women's and children's fashion clothing and home furnishings.
Next PLC
Popular News
Leave your Comments
Editor’s Pick
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
