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A Next retail shop with clothes on display

Next states that its 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).

It is, at heart, a fashion and homeware business with excellent operations and strong financial disciplines. Next has spent years honing those skills and the supporting infrastructure.

Founded and headquartered in the UK, Next 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.

The first Next retail store was launched in 1982 and parent company Joseph Hepworth & Son, which was founded in Leeds in 1864, rebranded all of its retail stores as Next in 1986.

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 operates ecommerce and stores for brands like Victoria Secret and Gap.

Read the latest news about Next from Retail Gazette

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