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Next states that their purpose is to offer beautifully designed, excellent quality clothing and homeware which are responsibly sourced and accessibly priced, and in doing so build shareholder value through long term, sustainable growth in Earnings Per Share (EPS).
They are, at heart, a fashion and homeware business with excellent operations and strong financial disciplines. Next have spent years honing those skills and the supporting infrastructure.
Founded and headquartered in the UK, Next plc has around 700 stores of which 500 are in the UK, with the remaining 200 across Europe, Asia and the Middle East. Next overtook Marks & Spencer in early 2012 to become the largest clothing retailer in the UK by sales.
The company is listed on the London Stock Exchange and is among the FTSE 100 index.
Founded in 1864 as Joseph Hepworth & Son in Leeds, England, the company Next plc was born in 1986 as they changed their name to match the branding of their retail stores that had been launched in 1982.
Next has three main objectives: to be their customers’ first choice destination for clothing and homeware, to be the most profitable route to market for third-party partner brands, and to provide a quality of service that partner brands can be proud of.
Next plc operates e-commerce and stores for brands like Victoria Secret, and in September 2021 announced a joint venture with Gap which will see Gap UK’s website managed by Next, and will bring Gap clothing concessions into Next retail stores.