NEXT plc

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  • 5,522.50p
  • 10.00p (0.18%)

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Next share price heads south as Morgan Stanley turns bearish on retailer

Morgan Stanley turns bearish on Next

Analysts argue company’s core business is ‘deteriorating’

2 weeks ago

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About NEXT plc

NEXT Plc. (LON:NXT) is a multinational retailer offering products in clothing, footwear, accessories and home products. It is the largest clothing retailer by sales in the United Kingdom, having overtaken Marks & Spencer in early 2012.
The company is headquartered in Enderby, United Kingdom and trades from more than 500 stores in the UK and Ireland and almost 200 stores in more than 30 countries in continental Europe, Asia and the Middle East. The company distributes through three main channels: NEXT Retail, NEXT Directory and NEXT International. Its other businesses include NEXT Sourcing, which designs, sources and buys NEXT branded products, and Lipsy, which designs and sells its own branded fashion products to a target market of younger women.
The NEXT retail chain was launched in February 1982. Online shopping was introduced in 1999 and currently customers in around 60 countries outside the UK can shop from NEXT on the internet.
NEXT is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

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