Find in the news:
BY COUNTRY

Next expecting a dent in profits if weather remains warm



According to Next, sales have declined due to the warmest September on record in Britain and stated that if the warm weather continues through October, it may have to consider reducing its annual profit guidance.
The fashion retailer issued an unscheduled trading update where it stated that during August the cooler weather was responsible for several weeks of high sales, but the effect was promptly reversed during September.  This resulted in the company’s third quarter sales increasing by 6%, instead of the 10% forecast.

The company forecast pretax profits for the year ending January would increase by around 17% to £815m.  This prediction has not been adjusted, but the company stated that it may be lowered if the weather remains mild. Next said that in their experience lost sales are usually regained when the weather turns, but if this warm weather, which is unusual for this time of year, continues during October, they will have to lower their full-year profit expectancy range from £815m to £7756m.

This statement from Next is an indication that fashion retailers are experiencing problems with sales of winter clothing due to the weather remaining at summer levels.

New Look, Debenhams, House of Fraser and Marks & Spencer are all offering early new season discounts. Share prices for most of the retailers have declined. Next saw strong August sales, partly at M&S’ expense, which saw a decline of 0.6% in its share of the clothing market.
  
Nick Bubb, a retail analyst, said that Next is probably being cautious as they are due to enter investor meetings this week.  Next said it chose to publish its statement to the stock exchange because it is due to have meeting with large shareholders who will enquire about trading due to the heavy discounting that is happening on the high street.  They said that the release of the information would allow it to have open conservations during these meetings.



Jun 1, 2022, United Kingdom:
The concept store is part of the Livat Hammersmith shopping and entertainment center in London.
May 19, 2022, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Friend
and Follow
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us