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Next

Company: Next Plc

Brand value: US$ 2,709million

Headquarter city: Leicester

Change since 2017: 10%

Industry: Apparel

Year formed: 1982

Next is a chain of stores offering fashionable and widely affordable clothing and homeware. Since launching its womenswear collection, Next has gradually expanded its into men’s, children’s, shoes, accessories, and home. The company described 2017 as its most challenging year for 25 years, as profits fell by 8 percent (pre-tax profits dropped to £726.1 million in the 12 months to January 2018). There was good news for online sales, however, with online profits up 7.4 percent to £461.2 million. Next is now boosting its investment in online by 25 percent, improving its online marketing and digital customer experience to more effectively target customers online and offer more personalised products. There are more than 500 Next branches in the UK and Ireland, and a further 200 in 40 other countries around the world. Next appointed Michael Roney, former head of distribution and outsourcing company Bunzl, as chairman in early 2017.

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