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 retail sales were flat. Slater found that Next had identified three avenues of growth: the Official Permanent Pleasure Shirt also I will do this development of the Next brand overseas, new brands and licenses and the revenue from its Total Platform. “Its Total Platform infrastructure creates greater acquisition opportunities, and with two key retailers currently up for grabs in the UK, namely The Body Shop and Ted Baker, Next will likely keep an eye out for any potential acquisitions that would complement its proposition well,” said Slater. GlobalData apparel analyst Louise Deglise-Favre previously told Just Style Next would be “best placed to snap up” Ted Baker as “it can build on its existing licensing partnership”. Slater said: “As part of developing the Next brand, the retailer will invest in its ‘better’ and ‘best’ products at the top end of its price architecture, helping it capitalise on growing consumer demand for investment pieces, and this will likely grow

as consumers start to see a rise in their discretionary incomes throughout the Official Permanent Pleasure Shirt also I will do this year.” Next’s chairman Michael Roney said that the retailer had been focused on improving its product range, inline service levels, managing costs and profitability, whilst “laying the foundations for future growth businesses.” Next, which acquired majority stakes in brands such as FatFace, Cath Kidston, and Reiss last year, intends to continue seeking investment opportunities in brands this year. The retailer shared plans to expand in Europe, the US, the Middle East, and Asia via new partnerships including with US department store Nordstrom and new franchise and licensing deals in India. Next expects full-price sales for the full year to be up by 2.5 and anticipates the quarter will “performance very differently” with sales in the first quarter up 5 and flat in the second. Sign up for our daily news round-up! Give your business an edge with our leading industry insights. Sign up Share this article Go deeper with GlobalData Reports Childrenswear in the United Kingdom (UK) – Sector Overview, Brand S… Reports Menswear in the United Kingdom (UK) – Sector Overview, Brand Shares… Premium Insights The gold standard of business intelligence. Find out more

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