Skip navigation

Gloucestershire Business News

Next struggles to return to normal

Fashion and homewares retailer Next recorded a 28 per cent fall in full price sales in the second quarter, as it struggled to recover sales post-lockdown.

While online sales were up nine per cent year-on-year in the three months to 25th July, in-store sales fell by 72 per cent during the period, as reported by Retail Gazette.

Despite this, the retailer, which has stores in Cheltenham and Gloucester, said the sales fall was actually an improvement on the best-case scenario based on its April trading statement.

Next said that the fall in in-store sales had eased to 32 per cent since shops reopened in June, with total full price sales down just eight per cent over the last six weeks of the quarter.

For the first six months of the financial year, overall full price sales were down 33 per cent, with online sales down 11 per cent and in-store sales down 62 per cent.

Next said it did not advertise its popular summer sale this year, due to fear of overcrowding in reopened stores during the ongoing pandemic.

Related Articles

VIDEO: Last piece of Gloucester Quays for sale Image

VIDEO: Last piece of Gloucester Quays for sale

Gloucester-based Numold is to sell its canalside property in the middle of Gloucester Quays after 30 years.

GE Aerospace sees orders and profits soar Image

GE Aerospace sees orders and profits soar

GE Aerospace has raised its full-year profit guidance after releasing its first quarter financial results.

Auction: 11 retail units for sale in Cheltenham Image

Auction: 11 retail units for sale in Cheltenham

Winchcombe Street shops go under the hammer.

Decathlon extends sustainable sport gear scheme Image

Decathlon extends sustainable sport gear scheme

Sports retailer, Decathlon, has expanded its sports gear buyback scheme.

Copyright 2024 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.