Round up of the news and trends to be aware of in the first week of May.
Clothing retailer Next is building a digital ‘Image Factory’ to make it quicker and more efficient to manage its growing volume of digital assets for use on its website and in marketing campaigns.
Next , often seen as a bellwether for the high street, warns on outlook for 2017 after sales fell in the run-up to Christmas as consumers curtailed spending on fashion and clothing.
Fashion retailer Next has posted a fall in half-year profits and hinted it may have to raise prices for the first time in six years thanks to the fall in the pound.
In its latest trading update, multichannel fashion and homeware retailer Next, reported a 1.8 per cent rise in sales during the six months to 30 July.
The multi-channel retailer announced its results with news that sales had fallen 0.2 per cent but online continues to grow.
Next has predicted that its strategy of resisting pre-Christmas discounts both online and offline will pay off in improved profitability, even though sales growth was subdued in the run up to Christmas at only +0.4 per cent
Next reported third-quarter growth of almost 10 per cent in its mainly-online directory sales in its October trading update.