After that, FTSE 100 for clothes has just informed a wonderful year, and got one billion pounds of profits.

The 160 -year -old sells everything from clothes to home furnishings. On Thursday, the British retail company became only the fourth, which ever reached 1 billion pounds ($ 1.3 billion), amid slow economic growth in the country.

Next profits were pre -taxes 10 % On an annual basis in 12 months to January, while sales increased by 8 % to 6.3 billion pounds (8.15 billion dollars), thanks to an online retail strategic axis and a large number of prominent brand acquisitions, including FATFACE and Reiss.

This transformation expanded from the ways that shoppers buy Next products. The British company victory has occurred against a turbulent background of the United Kingdom Detail clothing traders While the British tighten their wallet chains on unnecessary spending. British fashion brands, in particular, fought for survival, as it appears with Ted Baker and both matches Go down bust In 2024.

“The next is the envy of the retail sector. Once again, it promoted sales and profit directions, and left its competitors in dust,” said Roser, investment manager of AJ Bell, in a note. “This is usually a cautious group, preferring that there is an infection and disorder, which makes its latest optimism surprising given the background of the fragile market.”

After that, the UK’s health bell is considered on the street, given millions of loyal customers in the UK. Despite the optimistic profits, the retail set warned of this budget Tax measures This kick in April would pressure the confidence of the consumer. The following said that she plans to raise prices 1 % This year to compensate for the increase in employee wages and other tax expenses.

It seems that the economic hardship will not come on the path of Next, as the profit expectations for the year ended in January 2026 to 1.1 billion pounds (1.42 billion dollars).

What next?

For several years, she dealt with costs over several years while offering more products in her stores, which, along with her brand investments, helped support profits. While her UK’s actions are paying a lot of sales, the presence of Next abroad is small, but it is increasing.

British company plans To double the bottom In profitable e -commerce business, which provides online retail for brands for external parties. In 2024, profits from this section increased by 24 %, amounting to 13 million pounds.

After that, it ranked continuous as the best retail store in the United Kingdom, and last year, the London -listed company crossed the profit mark of 900 million pounds.

Simon Wolfson, CEO of Next 24 years ago, was the group’s engineer. The next was established in 1982, but its history dates back to the nineteenth century when the Womenswear Kendall & Sons bought. He has expanded the retail mark all over the UK, with more than 400 stores.

Help Wolfson, CEO of the longest FTSE 100 who serves, to appear from mystery and become one of the best retailers in the country. A 57 -year -old graduate began his next career in the store hall when his father was the company’s president.

He later became the personal assistant of the CEO before taking over at the age of 33.

One of him Unique strategies This was then advanced on other British fashion chains, which was betting early on online retail and building with third -party brands. This helped the company to survive the Covid-19s, which led to the elimination of many other retailers.

Wolfson has become a synonym for Next-even writing a 60-page results statement. This has left some of the investors interested in what could seem to be the following when he leaves or retires.

“The most successful or stronger CEO of FTSE 100 in the long term,” James Goldstone, the Fund’s director of one of the largest investors in the next, told the FTSE 100. Reuters.

However, Wolfson rejected such concerns, on the pretext that it was “only 57”.

There is no scarcity in senior executives next, and many of them have served in the company – or its commercial signs – for several decades.

Regardless of how Wolfson’s succession is executed, Next has managed to consolidate her business for the future by diversifying her revenue flows inside the retail sale.

Next shares increased by 7 % by midday, London time. Her shares have jumped 166 % in the past five years.

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This story was originally shown on Fortune.com

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2025-03-27 12:33:00