Next has posted a 6 per cent rise in its annual revenues of £5.84bn for the year to January 2024, along with a 5 per cent lift in its profits, delivering a positive start to the year.
Now poised to focus on international markets together with the development of new brands, and growing revenues from its Total platform, the bullish retailer has demonstrated against a backdrop of wider market depression that multichannel retailing is far from over. Next says it will be looking to develop new brands and licences, as well as to attract a wider audience, whilst continuing to create value for existing customers, new customers and its third-party clients.
CEO Lord Wolfson said: “The group has evolved so much in the last seven years and, in many ways, it feels like we’re entering a new era.”
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