This British mega-retailer whose CEO personally writes the company’s earnings reports just clocked in a record $1.3 billion profit

Quick Summary:

"Next is the envy of the retail sector," an investment director said, as it became only the fourth British retailer to hit the £1 billion profit milestone.

Next has consistently ranked as the U.K.’s top retailer, and last year, the London-listed company crossed the £900 million profit mark.

The British company’s winning streak has taken place against a tumultuous backdrop for U.K.clothing retailers as Brits tighten their purse strings on non-essential spending.

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Article Details

Author / Journalist: Prarthana Prakash

Category: EconomyBusiness

Markets: United States

Topics: U.K. ceo U.K. Retail Editor's Picks Growth FTSE Fortune 500 Europe

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 12:33:13 (5 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 733 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 184 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27368788

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