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Next retailer to issue profit warning sending a chill around the city |
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#51 |
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Join Date: Nov 2007
Location: Kent
Posts: 3,026
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Quote:
When I traipsed round the shops before Christmas - Next was practically empty, whereas shops like Zara, Mango and H&M were packed. I've no idea why, because Next clothes weren't more expensive than in the other shops. Maybe the designs are better?
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#52 |
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Join Date: Feb 2006
Location: London
Posts: 90
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Quote:
When I traipsed round the shops before Christmas - Next was practically empty, whereas shops like Zara, Mango and H&M were packed. I've no idea why, because Next clothes weren't more expensive than in the other shops. Maybe the designs are better?
You can buy basically identical clothes to those in Next at Matalan for half the price. Its Next to blame for its losses here no one else. |
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#53 |
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Forum Member
Join Date: May 2006
Posts: 25,197
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Shush don't say this - we keep being told having a slumped Sterling is wonderful for our economy!
It's amazing that every other country doesn't seem to want to crash their currency considering its the pathway to economic boom. |
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#54 |
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Forum Member
Join Date: Mar 2015
Posts: 6,827
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So the fall in Sterling will depress sales by 0.5% in the UK but will boost overseas sales to give an overall benefit of 1%. Therefore NONE of this forecasted fall in profit is down to Brexit but the other items on the list such as the National Living Wage taxes and the 40% of the forecast reduction on upgrading their website system.
Year to 24th December 2016 Full price sales NEXT Directory’s year to date growth of +3.6%, (NEXT UK including Label was up +1.4% and Overseas was up +18% on last year). NEXT Retail stores -4.3% on last year NEXT directory + retail stores -0.4% The main problem appears to be the cyclical downturn in clothing sales that started in November 2015 and is still ongoing. |
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#55 |
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Forum Member
Join Date: Oct 2007
Posts: 13,948
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Quote:
Not going to happen. Brexit supporters have a coping mechanism that means they'll argue we didn't need a company like Next anyway and continue to say how there's no connection and all will be well.
Already I'm reading comments about the possibility of a return to high roaming charges in Europe as being no bad thing, because when you're on holiday you shouldn't be using your phone anyway. So everything bad that happens now which can be linked to Brexit is being treated as not a big deal. Oh no, Increased roaming charges will mean the end civilization as we know it
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#56 |
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Join Date: Oct 2004
Posts: 14,633
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Oh no, Increased roaming charges will mean the end civilization as we know it
![]() The point is that we are regressing in many ways - from the most significant (single market) to the least (roaming charges), with those regressions being waved away by the regressives (brexiters). It's fine that we are all going pay more because we've "took are cuntry bak". |
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#57 |
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Forum Member
Join Date: Oct 2007
Posts: 13,948
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Quote:
Don't be so hysterical. "Calm down dear".
The point is that we are regressing in many ways - from the most significant (single market) to the least (roaming charges), with those regressions being waved away by the regressives (brexiters). It's fine that we are all going pay more because we've "took are cuntry bak". How does it go now.. Good news re the economy - It's because we haven't left yet Someone issues the first profit warning ever in the history of these islands - It's all because of Brexit. Will you lot make your minds up |
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#58 |
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Forum Member
Join Date: Mar 2006
Posts: 1,019
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A few years ago, M+S started to see sales in their clothing range plummet. Was this because of Brexit/falling pound? No.
It was because their designs were rubbish, the quality diminishing and the price too high. People who used to shop there moved on elsewhere, some to Next. Now Next are suffering the same problem - see above. I usually spend a lot of money in there for Christmas, for presents for myself and adult family. This year I went in there and saw absolutely nothing at all I wanted to buy, either for myself or them. It was all rather downmarket and limited. So, no. Many things can be blamed on Brexit perhaps, but Next only have themselves to blame. Just perhaps they became complacent like Marks did in the past. |
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#59 |
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Forum Member
Join Date: Aug 2016
Posts: 1,000
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Didn't B&M release their figures for Xmas today? How are they doing in comparison.
It would seem there are many people taking a single retailer and then extrapolating the entire sector from it. It's similar to failed businesses being a yard stick for other businesses,when sometimes it's just bad management. |
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#60 |
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Forum Member
Join Date: Jul 2007
Posts: 10,875
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Quote:
The point is that we are regressing in many ways - from the most significant (single market) to the least (roaming charges), with those regressions being waved away by the regressives (brexiters). It's fine that we are all going pay more because we've "took are cuntry bak".
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#61 |
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Forum Member
Join Date: Apr 2010
Posts: 15,066
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Quote:
Not going to happen. Brexit supporters have a coping mechanism that means they'll argue we didn't need a company like Next anyway and continue to say how there's no connection and all will be well.
Already I'm reading comments about the possibility of a return to high roaming charges in Europe as being no bad thing, because when you're on holiday you shouldn't be using your phone anyway. So everything bad that happens now which can be linked to Brexit is being treated as not a big deal. That thread about roaming charges is quite amusing. Every time someone suggested a way round paying charges, (change sims) the remainers sulked and said they can't do that, it's too hard. |
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#62 |
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Forum Member
Join Date: Mar 2006
Posts: 2,419
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Quote:
Didn't B&M release their figures for Xmas today? How are they doing in comparison.
It would seem there are many people taking a single retailer and then extrapolating the entire sector from it. It's similar to failed businesses being a yard stick for other businesses,when sometimes it's just bad management. ![]() B&M said like-for-like sales rose 7.2% in the three months to December 24, while revenue rose more than a fifth to £789.1m. |
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#63 |
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Forum Member
Join Date: Apr 2010
Posts: 15,066
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Quote:
A few years ago, M+S started to see sales in their clothing range plummet. Was this because of Brexit/falling pound? No.
It was because their designs were rubbish, the quality diminishing and the price too high. People who used to shop there moved on elsewhere, some to Next. Now Next are suffering the same problem - see above. I usually spend a lot of money in there for Christmas, for presents for myself and adult family. This year I went in there and saw absolutely nothing at all I wanted to buy, either for myself or them. It was all rather downmarket and limited. So, no. Many things can be blamed on Brexit perhaps, but Next only have themselves to blame. Just perhaps they became complacent like Marks did in the past. ![]() I thought it was just me being over critical, but maybe not. |
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#64 |
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Forum Member
Join Date: Jun 2003
Posts: 9,439
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Why did Woolworths and BHS fail? Were there different reasons for their failure than those of Next?
Wilkinsons are doing what Woolworths did before they fatally changed and are doing well. The director who instigated the fatal error got a golden handshake whilst the employees lost their redundancies and part of their pensions. |
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#65 |
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Forum Member
Join Date: Oct 2004
Posts: 14,633
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I don't think it was "Shouldn't use your phone", just "It's your choice to use your phone". A novel concept for some, seemingly.
That thread about roaming charges is quite amusing. Every time someone suggested a way round paying charges, (change sims) the remainers sulked and said they can't do that, it's too hard. It's also rather impractical. You're literally cheering on the fact that the mobile operators are going to rip you off. Gullibility at its finest. |
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#66 |
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Forum Member
Join Date: Apr 2010
Posts: 15,066
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No, it's not too hard, but it's a pointless example of using a heath-robinson-esque bodge to get around something that should not exist.
It's also rather impractical. You're literally cheering on the fact that the mobile operators are going to rip you off. Gullibility at its finest. If your phone charges are the most important thing in your life, then I suggest you are a very lucky person. Enjoy it while you can. (Granny's life advice for the day ![]() ).
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#67 |
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Forum Member
Join Date: Mar 2016
Posts: 1,000
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What nonsense. Next are one of the sharpest operators on the block. One of very, very few who were in favour of Brexit, ironically.
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#68 |
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Forum Member
Join Date: Apr 2010
Posts: 15,066
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Quote:
They did very well. Maybe Next need to take a look at how they do it
![]() B&M said like-for-like sales rose 7.2% in the three months to December 24, while revenue rose more than a fifth to £789.1m. Oh, of course; magically, it won't count because we've not had Brexit yet.
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#69 |
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Forum Member
Join Date: Jan 2003
Location: London SW6
Posts: 37,469
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Quote:
A few years ago, M+S started to see sales in their clothing range plummet. Was this because of Brexit/falling pound? No.
It was because their designs were rubbish, the quality diminishing and the price too high. People who used to shop there moved on elsewhere, some to Next. Now Next are suffering the same problem - see above. I usually spend a lot of money in there for Christmas, for presents for myself and adult family. This year I went in there and saw absolutely nothing at all I wanted to buy, either for myself or them. It was all rather downmarket and limited. So, no. Many things can be blamed on Brexit perhaps, but Next only have themselves to blame. Just perhaps they became complacent like Marks did in the past. |
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#70 |
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Forum Member
Join Date: Apr 2009
Location: Leafy London
Posts: 20,370
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Why has no one started a thread on this?
Oh, of course; magically, it won't count because we've not had Brexit yet. ![]() I'll even give you the title. "Downmarket retailers see growth as impoverished public shuns quality" I expect Wetherspoons will do well out of our loss of prosperity, which is why that carrot cruncher was so pro Brexit. |
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#71 |
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Forum Member
Join Date: Apr 2009
Posts: 1,098
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Quote:
BHS and Woolworth were outdated businesses that did not keep up with trends and demands.
Next is anything but. Wait until the rest of the retailers have reported - I predict they'll have had very poor Christmases. Next may well have done better than most. With unavoidable price rises about to hit, things can only get worse. Quote:
Can someone point out where this all down to brexit which of course has not happened yet?
Seems to be a case of when any retailer struggles people will blame brexit? Quote:
When I traipsed round the shops before Christmas - Next was practically empty, whereas shops like Zara, Mango and H&M were packed. I've no idea why, because Next clothes weren't more expensive than in the other shops. Maybe the designs are better in the other shops?
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#72 |
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Forum Member
Join Date: Apr 2009
Posts: 1,098
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Quote:
Where do you shop instead?
Where someone shops doesn't change the fact that Next's product range is vastly inferior to a decade ago. For the same money I can get more in Gap than I can in Next, and it's better quality. |
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#73 |
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Forum Member
Join Date: Apr 2010
Posts: 15,066
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Quote:
Why don't you?
I'll even give you the title. "Downmarket retailers see growth as impoverished public shuns quality" I expect Wetherspoons will do well out of our loss of prosperity, which is why that carrot cruncher was so pro Brexit. |
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#74 |
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Forum Member
Join Date: Apr 2009
Posts: 1,098
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Prediction: whenever a retailer falls on hard times, the Remoaners will blame Brexit.
Jessops, Allied carpets, Mosaic, Land of Leather, Zavvi, Woolworths, The Officers Club, MFI - all experienced difficulties when we voted to leave the EU. Right? Riiiiigghht? This place is hilarious
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#75 |
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Forum Member
Join Date: Oct 2004
Posts: 14,633
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Quote:
Prediction: whenever a retailer falls on hard times, the Remoaners will blame Brexit.
Jessops, Allied carpets, Mosaic, Land of Leather, Zavvi, Woolworths, The Officers Club, MFI - all experienced difficulties when we voted to leave the EU. Right? Riiiiigghht? This place is hilarious ![]() Pretty obvious if you think about it. |
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