Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9,140.00
Bid: 9,080.00
Ask: 9,086.00
Change: 38.00 (0.42%)
Spread: 6.00 (0.066%)
Open: 9,078.00
High: 9,144.00
Low: 9,016.00
Prev. Close: 9,102.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Fashion Chain Next Closes Warehouses Following Staff Backlash

Fri, 27th Mar 2020 06:17

(Alliance News) - Next PLC, one of the UK's biggest fashion chains, has been forced into a U-turn over its decision to keep warehouses open and ask workers to travel into stores for picking online orders.

The company now has shut its online operations, from Thursday evening, and stop taking orders.

Bosses have faced sustained pressure from politicians and staff, who felt like they were being pressured into stores.

On Wednesday, it was revealed that the company had offered a 20% pay rise to any worker willing to continue picking jumpers, socks and other clothes for customers.

In a statement issued shortly after Chancellor Rishi Sunak announced that details of the government's support package for employers, Next said it "has listened very carefully".

The company added: "It is clear that many increasingly feel they should be at home in the current climate.

"Next has therefore taken the difficult decision to temporarily close its Online, Warehousing and Distribution Operations from this evening, Thursday 26 March 2020.

"Next will not be taking any more Online orders after this time until further notice."

There has been unease in the sector over the government's position with retailers continuing to trade online – with some reports of workers being forced into warehouses or risk losing their jobs.

Some companies, including McDonald's Corp and Greggs PLC, have closed all operations, despite being able to continue offering takeaways under current lockdown rules.

And in retail, others have closed down online operations to protect staff from travelling and maintaining social distance.

But some fashion retailers continue to run online operations, including Boohoo Group PLC and ASOS PLC, despite the government calling on all non-essential workers to stay home.

Next has struggled during the outbreak, at first insisting in official communications that it would be considering the company "essential" in the event of a lockdown.

This was changed and stores were closed, but some staff were still being asked to come to sites and pick for online orders.

But with pressure from members of Parliament and reports of workers in warehouses not adhering to social distancing, Next made its latest decision on Thursday evening.

By Simon Neville, PA City Editor

source: PA

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
9 Nov 2022 10:21

TOP NEWS: Next snaps up Made.com assets after sofa seller collapses

(Alliance News) - Next PLC on Wednesday said it has agreed to buy assets of failed furniture seller Made.com out of administration.

Read more
9 Nov 2022 08:57

LONDON MARKET OPEN: Stocks falter on China Covid fears; US vote eyed

(Alliance News) - Stock prices in London opened on the back foot on Wednesday, amid declines in Asia and elsewhere in Europe as well, continuing what has been a negative week so far for the FTSE 100 index.

Read more
9 Nov 2022 07:37

Next to buy Made.com out of administration

(Sharecast News) - Clothing and homeware retailer Next has agreed to buy Made.com out of administration for £3.4m.

Read more
8 Nov 2022 12:18

LONDON MARKET MIDDAY: Tepid trade in Europe as US midterm polls open

(Alliance News) - Blue-chip equities in Europe traded off morning lows heading into Tuesday afternoon, but the mood was still cautious, with traders mindful of the US midterm election.

Read more
7 Nov 2022 09:52

Joules seeks loan and equity raise as finances hit by poor trading

(Alliance News) - Shares in Joules Group PLC dropped by a quarter early Monday, after the British lifestyles retailer warned that trading underperformance has left its finances in a precarious state.

Read more
7 Nov 2022 09:42

LONDON BROKER RATINGS: Goldman cuts Shell; Redburn likes BAE Systems

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
7 Nov 2022 08:13

Next, Frasers Group among those looking to rescue Made.com

(Sharecast News) - High-street stalwart Next and Mike Ashley's Frasers Group were reported to be among the frontrunners looking to rescue the teetering online furniture retailer Made.com Group over the weekend.

Read more
3 Nov 2022 09:59

LONDON BROKER RATINGS: Peel Hunt reinitiates Tullow Oil with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:

Read more
3 Nov 2022 07:59

LONDON BRIEFING: Stocks called down as markets brace for BoE hike

(Alliance News) - Stocks in London are set to open lower on Thursday, as the pressure is on for the Bank of England at midday, after the US Federal Reserve indicated interest rates are likely to have to reach a higher level than previously expected.

Read more
2 Nov 2022 17:42

Cyclicals, BAT drag FTSE 100 lower ahead of Fed decision

FTSE 100 down 0.6%, FTSE 250 adds 0.1%

*

Read more
2 Nov 2022 17:00

LONDON MARKET CLOSE: Stocks largely lower ahead of US Fed rate hike

(Alliance News) - Blue-chip European equities closed in the red on Wednesday, with poor manufacturing data and fading hopes of an end to zero-Covid measures in China doing little to lift the mood ahead of a Federal Reserve interest rate decision.

Read more
2 Nov 2022 12:11

LONDON MARKET MIDDAY: Stocks down but Next and GSK bring some cheer

(Alliance News) - Stock prices in London edged into the red at midday on Wednesday, as the market awaited a key US interest rate decision, but welcomed positive business updates from GSK and Next.

Read more
2 Nov 2022 09:01

LONDON MARKET OPEN: Aston Martin downgrades outlook; warns on costs

(Alliance News) - Trading was timid in London at the market open on Wednesday, after a series of mixed corporate updates, as investors awaited the all-important interest rate decision from the US Federal Reserve, due after the European close.

Read more
2 Nov 2022 08:55

TOP NEWS: Next keeps guidance as quarter sales profit from cold spell

(Alliance News) - Next PLC on Wednesday said full price sales for the quarter increased thanks to cold weather in September, as it maintains its profit guidance for the year.

Read more
2 Nov 2022 08:52

Britain's Next sticks to outlook after quarterly sales rise

Q3 full price sales up 0.4%

*

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.