Category list : Simon Wolfson
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Next chief executive Lord Simon Wolfson has outlined aims to push for lower rent bills this year, as the retailer seeks to regain momentum after reporting its “most challenging” year in 25 years.
Last year: 1
Inditex: How Pablo’s pay packet stacks up Subscription
After it was revealed that Pablo Isla, chairman and chief executive of Zara owner Inditex, took home €10.4m (£9.5m) last year thanks to record results, Drapers looks at how the pay of other top fashion jobs compare.
Sales slip at Next Subscription
Total sales for the three months to 29 July fell 2.1% at Next compared to last year, despite warmer weather and an improvement in full-price sales at the retailer.
Next “took its eye off the ball” and introduced too many trend-led pieces into its collections, which contributed to a drop in sales last year, chief executive Lord Wolfson admitted today.
Next is set to report its first fall in full-year profits since 2009 with a 4% slump to £792m in the year to 31 January, according to reports.
Position last year: 2
Next’s Lord Wolfson warns over ‘hard’ BrexitSubscription
Next chief executive Lord Simon Wolfson has warned the government against taking a hard-line approach to Brexit and has urged ministers to keep hold of free trade and free movement of people.
Shaky Next forecast signals fragile high streetSubscription
Next is expected to report a further decline in quarterly sales later this week, underlining the fragile state of the high street.
Next chief executive Lord Simon Wolfson has warned its retail prices may increase by up to 5% next year as currency headwinds following the Brexit vote hit the high street.