Next plc

Next (LSENXT), styled as next, is a British multinational clothing, footwear and home products retailer headquartered in Enderby, Leicestershire.[4] It has around 700 stores, of which circa 500 are in the United Kingdom, and circa 200 across Europe, Asia and the Middle East.[1] Next is the largest clothing retailer by sales in the United Kingdom, having overtaken Marks & Spencer in early 2012[5] and 2014.[6] It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Next
Formerly
J Hepworth & Son (1864–1982)
Public limited company
Traded asLSENXT
FTSE 100 Component
IndustryRetail
Founded1864
Leeds
FounderJoseph Hepworth
HeadquartersEnderby, Leicestershire, England, United Kingdom
Number of locations
circa 500 stores (2018)[1]
Key people
Michael Roney[2]
(Chairman)
Simon Wolfson[2]
(Chief Executive)
Revenue$4,055.5 million (2018)[3]
£759.9 million (2018)[3]
£591.8 million (2018)[3]
Number of employees
43,970 (2018)[1]
Websitewww.next.co.uk

History

Hepworth

The company was founded by Joseph Hepworth in Leeds in 1864 as a tailor under the name of Joseph Hepworth & Son.[7] Initially Hepworth was in partnership with James Rhodes, but the partnership was dissolved in 1872.[8]

On his own, Hepworth expanded the company rapidly, becoming a pioneer for the development of chain stores in Britain. By 1884 the company had 100 outlets.[9]

For much of its history Hepworth was predominantly in the ready-to-wear suit market,[10] and in 1963 the company brought in the celebrated Saville Row designer Hardy Amies to help revitalise its ready-to-wear suit collection.[11]

Kendall's and Next

In 1981 the company bought womenswear retailer Kendall and Sons for £1.75 million from the retail conglomerate Combined English Stores. This gave Hepworth over 600 shops in British high streets.[12]

The intention was to redevelop Kendall's stores as a womenswear chain of shops to complement Hepworth as a chain of menswear stores. Terence Conran, the designer, was Chairman of Hepworth at this time and he recruited George Davies to work at Kendall's. However Davies's concept was to create a new chain, called Next, initially by converting Kendall's stores. The first Next shops opened on 12 February 1982, with the Kendall's conversion complete by the end of 1983.[7]

Next - Oxford Street 1
A branch of Next showing the old logos on Oxford Street in London in 2005.

Made chief executive in 1984, Davies then converted 50 Hepworth stores to the Next format, extending the total concept look at the same time to cover menswear. This allowed the development of mini department stores across the entire footprint, selling women's and men's clothes. This was added to by the introduction of Next interiors to stores which were deemed in the "right demographical areas." In 1986, Davies moved the group's headquarters from Leeds to Leicester, to be closer to the main garment manufacturers, and the company name was changed to Next plc.[7]

In 1987, the group acquired Combined English Stores and the Grattan catalogue company. Extending first to introduce Next childrenswear, Davies then introduced the Next Directory.[13][14]

By 1988, "after seven years of growth, Next had over-expanded suicidally" .. "some stores were not bringing in enough to pay the rent."[15] Davies was sacked and the share price fell to 7p.[15] Chairman Sir David Jones, accused him of being egotistical and taking Next to the verge of bankruptcy.[16]

In October 1988 Next sold 433 jewellery stores in the United Kingdom, which principally traded under the Salisburys and Zales brands, to the Ratners Group for US$232 million.[17]

The company bought the youth brand Lipsy in 2008.[18] In Autumn 2009, Next launched an online catalogue for the United States offering clothing, shoes and accessories for women, men and children.[19]

Next's prices in Ireland attracted criticism in 2009 when the company was one of four retailers accused of failing to pass on exchange rate savings to shoppers in the Republic.[20]

In July 2010, a BBC investigation found Next was breaking the Consumer Protection (Distance Selling) Regulations 2000 by billing customers for its delivery costs even if goods were returned within the seven working days.[21] A spokesman for Next admitted that they had been doing this for three years but promised to comply by August 2010.[21] Trading Standards said that the DSRs had been in force for ten years, and there was no excuse for not adhering to them.[21]

In 2014, Next launched localized cross-border sales to Ukraine.[22]

Living wages

In May 2014 the Living Wage Foundation bought Next shares and attended the annual general meeting in an attempt to persuade the company to pay at least £6.70 and become one of the UK's 700 living wage employers. Next was targeted because it claimed to be a good employer and was thriving. Professor Sir George Bain who set the minimum wage in 1999 said employers could afford to pay much more but acknowledged enforcement could cause unemployment in the retail sector.[23]

In October 2014, the company was one of several retailers criticised by Janice Turner in The Times for failing to pay a living wage. UK taxpayers pay £28 billion to low-paid workers and Turner says retail companies – which have the highest proportion of low paid workers – are exploiting austerity and effectively adding staff wages to the UK welfare bill. When asked why, despite record profits their lowest paid workers were so poorly paid, Next replied that they had thirty applicants for every job advertised.[24]

Operations

Next has three main channels: Next Retail, a chain of 550+ retail branches in the United Kingdom; Next Directory, a home shopping catalogue and Website with more than 3 million active customers, and Next International, with 180+ international stores.[4] Its other businesses include Next Sourcing, for own brand products; Lipsy, which designs and sells its own branded younger women's fashion products through wholesale, retail and website channels.[4]

Next Forever Comfort shoe in suede
Next Forever Comfort shoe in suede

In September 2018, the company's Irish operations profits were separated from Next plc.[25] Next (Ireland) Ltd was formally established to focus on the distribution of products in its physical stores and its online store in the Republic of Ireland. At the same time Next Germany was established.[26]

Logos and marketing

Next former logo
The Next logo used from 1991 to 2007

Until circa 1991 Next used a lower case Courier-style typeface in black against a white background for its logo. This was replaced by the capitalised NEXT logo in a Roman-serif style type face. There were some variations of this such as the logo with each letter of NEXT in an individual square and in some stores in 2005/6 had the Next logo in a varying blue & black background with "X's" printed on them, as opposed to the black background. In addition, some variations in typeface occurred during the logo's use – including similar fonts that had serifs positioned above the "T" crossbar, similar to Garamond and others that had more in common with Times New Roman. In 2007 a new next logo was introduced, although the previous logo continued to be used until stock was exhausted.[27]

Next clothing often carries reference to the origins of the company in 1982 with use of "82" or "1982" as a design feature on clothes in all ranges.[28]

Prior to 2007 Next only advertised immediately prior to a sale, usually through brief television spots and newspaper advertising. In 2007 following a "disappointing" 7.2% fall in like for like sales, it announced it was investing "£17 million over the next three years to revive its existing stores and product offering" + an additional £10m for marketing.[29] Yasmin Le Bon who modelled in the first Next Directory in Spring 1988 featured in an on-line fashion show.[29]

In September 2007, to celebrate its 25th anniversary, Next launched its first television campaign in twelve years named 'Ali's Party' with the song 'Suddenly I See' and starring Brazilian supermodel Alessandra Ambrosio.[30] All extra casts were Next employees, otherwise nicknamed 'nextras'. A second advert featuring Ambrosio, was screened in November 2007 and the songs were regularly played instore during the campaign.[31]

An advert directed by Ben Watts and filmed on the banks of the River Seine was shown in September 2010 to reflect the season’s Parisian chic styles. It was soundtracked by The Specials’ "A Message to You, Rudy" and starred Brazilian model Emanuela de Paula and Spanish actor Jon Kortajarena.[32]

Stores

Africa

Asia

Europe

Oceania

References

  1. ^ a b c "At a glance". Next PLC. Retrieved 10 March 2019.
  2. ^ a b "Chairman". Next. Archived from the original on 27 February 2011. Retrieved 18 February 2011.
  3. ^ a b c "Preliminary Results 2018" (PDF). Retrieved 10 March 2019.
  4. ^ a b c "Next Plc NXT:LSE Company Description". Financial Times. 12 January 2011. Retrieved 12 January 2011.
  5. ^ "M&S Loses Britain's Largest Clothing Retailer Title to Next". Bloomberg. 29 June 2012. Retrieved 25 November 2012.
  6. ^ "Next profits overtake M&S for first time". The Telegraph. 20 March 2014. Retrieved 25 March 2014.
  7. ^ a b c "Next history". Nextplc.co.uk. Retrieved 12 October 2010.
  8. ^ The London Gazette, 9 July 1872, p.3121
  9. ^ John Timpson, High Street Heroes: The Story of British Retail in 50 People (London: Icon Books, 2015)
  10. ^ Ugolini, Laura (2007). Men and Menswear: Sartorial Consumption in Britain 1880-1939. Aldershot: Ashgate. p. 193. ISBN 0754603849.
  11. ^ Alison Adbergham, 'View of Fashion' in The Guardian (UK newspaper, 8 October 1963, p.8
  12. ^ Rosemary Unworth, 'Hepworth Buys CES Offshoot' in The Times (UK newspaper), 12 May 1981, p.18
  13. ^ Alexander, Hilary (15 May 2009). "Woodstock theme for 21st Anniversary of Next Directory". The Daily Telegraph. London.
  14. ^ "Next Directory – a background history on Next". Thecatalogshop.co.uk. Retrieved 12 October 2010.
  15. ^ a b Davies, George (15 October 1995). "Return of the fashion maverick". The Independent. UK. Retrieved 12 October 2010.
  16. ^ Cave, Andrew (30 May 2010). "George Davis to open 60-branch chain in Gulf". Daily Telegraph. UK. Retrieved 30 May 2010.
  17. ^ "Next P.L.C. to Sell Stores to Ratners". The New York Times. 12 October 1988. Retrieved 20 April 2013.
  18. ^ "Next splashes £17m on youth brand Lipsy". 3 October 2008. Retrieved 25 November 2012.
  19. ^ "Next Direct". Next Direct. Retrieved 12 October 2010.
  20. ^ "Price is still not right". The Irish Times. 12 January 2009. Retrieved 12 October 2010.
  21. ^ a b c Susannah Streeter (9 July 2010). "Next breaks refund rules for online deliveries". BBC News. Retrieved 30 August 2010.
  22. ^ "UK fashion retailer Next launches localized cross-border sales to Ukraine". 20 November 2014. Retrieved 26 March 2016.
  23. ^ "Living Wage Foundation buys Next shares and protests at meeting". BBC news. 15 May 2014. Retrieved 10 March 2015.
  24. ^ Janice Turner (4 October 2014). "Don't make me pay your staff, Sainsbury's". The Times. Retrieved 19 October 2014.
  25. ^ "Next creates Irish firm as part of no-deal Brexit plan". 25 September 2018 – via www.rte.ie.
  26. ^ Reddan, Fiona. "Next sets up new Irish company to avoid Brexit customs and duties". The Irish Times.
  27. ^ "Next rebrands". Intangible Business. March 2007. Retrieved 9 April 2017.
  28. ^ "Example 1982 branding". Next. Archived from the original on 14 February 2009. Retrieved 26 March 2016.
  29. ^ a b "Next launch on-line catwalk". Fashionunited.co.uk. Retrieved 12 October 2010.
  30. ^ "Welcome to the new". Mad.co.uk. Retrieved 26 November 2012.
  31. ^ "Alessandra Ambrosio Next UK Christmas TV commercial". Retrieved 9 April 2017.
  32. ^ "Next Christmas 09 – Emanuela de Paula, Nathan Bogle and Amy Hixon". Beauty Confessional. 3 December 2009. Archived from the original on 3 September 2012. Retrieved 26 November 2012.

External links

https://www.facebook.com/profile.php?id=100019034911983

2010 Dissolution Honours

The 2010 Dissolution Honours List was issued on 28 May 2010 at the advice of the outgoing Prime Minister, Gordon Brown. The list was gazetted on 15 June.

Enderby, Leicestershire

Enderby is a small town and civil parish in Leicestershire, on the southwest outskirts of the city of Leicester. The parish includes the neighbourhood of St John's, which is east of the village separated from it by the M1 motorway. The 2011 Census recorded the parish's population as 6,314.The village is situated on the B4114 between Fosse Shopping Park and Narborough. The parish includes Fosse Shopping Park, Grove Park Commercial Centre and Everards Brewery.

The parish is bounded by the City of Leicester and the civil parishes of Braunstone Town, Glen Parva, Lubbesthorpe, Narborough and Whetstone.

The course of the Fosse Way Roman road passes through the parish. Near St John's is the deserted village of Aldeby by the River Soar.Enderby Hall was the ancestral home of the Smith family when the paternal line ended. The hall was left to Charles Loraine who took the name Charles Loraine Smith.

Grattan plc

Grattan is a British catalogue clothing retailer based in Bradford, UK with 18 stores and 2 main catalogues and a number of specialty catalogues. Grattan has approximately 2,600 employees.

John Barton

John Barton may refer to:

John Barton (businessman) (born 1944), English businessman, chairman of Next plc and EasyJet

John Barton (director) (1928–2018), English theatre director and founding member of the Royal Shakespeare Company

John Barton (economist) (1789–1852), English economist

John Barton (engineer) (1771–1834), engineer noted for his engravings using his Ruling Engine

John Barton (footballer, born 1866) (1866–1910), English international footballer

John Barton (footballer, born 1953), English footballer

John Barton (missionary) (1836–1908), English Anglican priest

John Barton (poet) (born 1957), Canadian poet

John Barton (Quaker) (1755–1789), abolitionist

John Barton (rugby league), rugby league footballer of the 1950s and 1960s for Great Britain, and Wigan

John Barton (theologian) (born 1948), theologian and professor

John Barton (writer), 15th century writer on Lollardy

John Barton (priest) (born 1936), British Anglican priest

John J. Barton (1906–2004), Mayor of Indianapolis

John Barton (MP) (1614–1684), English lawyer and politician who sat in the House of Commons in 1659 and 1660

John Rhea Barton (1794–1871), American orthopedic surgeon

John Kennedy Barton (1853–1921), Rear Admiral in the United States Navy

John Barton (public administrator) (1875–1961), New Zealand accountant, writer, lawyer, magistrate and public administrator

John Barton (businessman)

Robert John Orr Barton (born 23 August 1944) is a British businessman, who is the chairman of Next plc and EasyJet.

Joseph Hepworth (tailor)

Joseph Hepworth (1834–1911) was the clothing manufacturer who founded Joseph Hepworth & Son, a company which grew to become the United Kingdom's largest clothing manufacturer and which is now known as Next plc.

List of companies based in Bradford

Bradford is home to the UK headquarters of:

Aagrah - Asian restaurant chain

BASF - UK subsidiary of the Germany Company formerly CIBA

British Wool Marketing Board - central marketing system for UK fleece wool

Damart – UK subsidiary of this French company

Farmers Boy - meat subsidiary of Morrisons PLC

Grattan plc - mail order catalogue company

Greenwoods - retailer and mail order of men's formal clothing

Hallmark Cards - UK subsidiary of this American company

JCT600 - Car dealership company

Morrisons - supermarket retailer

Mumtaz - Asian restaurant chain and food making company

Pace Micro Technology - set top box developer

Provident Financial - financial services group

Safestyle UK - UK's largest independent provider of PVCu double glazed windows, doors, French doors, patio and sliding doors

Seabrook Potato Crisps - potato crisp manufacturers

Telegraph & Argus - daily newspaper

Yorkshire Building Society - the UK's fourth largest building society

Yorkshire Water - collection, purification and distribution of waterCompanies that are major employers but not based in Bradford include:

Jet2.com - budget airline, based at Leeds Bradford Airport 9 miles (14 km) away in Yeadon

Marks & Spencer - huge warehouse at the end of the M606 motorway

Next plc - also have a warehouse in the city

Michael Roney

Michael James Roney (born July 13, 1954) is an American businessman. He was the chief executive of Bunzl plc, a British multinational distribution and outsourcing company, from 2005 to 2016. He has been the chairman of Next plc and Grafton Group since 2017.

Sandhurst, Berkshire

Sandhurst is a small town and civil parish in England of 7,966 homes and 20,803 inhabitants (2001 Census data), primarily domiciliary in nature with a few light industries. It is in the south eastern corner of the ceremonial Royal County of Berkshire, within the Borough of Bracknell Forest, and is situated 32 miles (51 km) west-southwest of central London, 2.5 miles (4.0 km) north west of Camberley and 5 miles (8.0 km) south of Bracknell.

Sandhurst is known worldwide as the location of the Royal Military Academy Sandhurst (often referred to simply as "Sandhurst", "The Academy" or "The RMA"). Despite its close proximity to Camberley, Sandhurst is also home to a large and well-known out-of-town mercantile development. The site is named "The Meadows" and has a Tesco Extra hypermarket and a Marks and Spencer, two of the largest in the country. A large Next plc clothing and homeware store is open on the site of the old Homebase.

Simon Wolfson

Simon Adam Wolfson, Baron Wolfson of Aspley Guise (born 27 October 1967) is a British businessman and currently chief executive of the clothing retailer Next plc and a Conservative life peer. He is the son of former Next chairman David Wolfson, Baron Wolfson of Sunningdale, also a Conservative life peer.

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