The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 9,106.00
Bid: 9,134.00
Ask: 9,138.00
Change: 8.00 (0.09%)
Spread: 4.00 (0.044%)
Open: 9,240.00
High: 9,274.00
Low: 9,106.00
Prev. Close: 9,098.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Queues and limited browsing in store for English shoppers

Tue, 26th May 2020 18:10

(Adds company reaction)

By James Davey

LONDON, May 26 (Reuters) - People eager to hit the shops
again when English high street retailers, department stores and
shopping centres reopen will face queuing and few opportunities
to try products.

Stores will look and operate very differently from how they
did before a coronavirus lockdown was imposed on March 23 as
they comply with new health and safety and social distancing
rules.

The British government said on Monday that outdoor markets
and car showrooms in England can reopen from June 1 followed by
all other non-essential retail from June 15.

The reopening only applies to England, with retailers in
Scotland, Wales and Northern Ireland waiting for guidance from
their devolved administrations on when they can resume trading.

Several of the biggest retailers are not planning to open a
swathe of stores straight away, with retail analysts warning
that compliance with the new health regulations will bring
complexity to trading and higher operating and capital costs.

Next, which has about 500 clothing stores in Britain
and Ireland, said it would only reopen 25 on June 15, while
department store chain John Lewis, which has 50 stores, said it
would phase its reopening to test the changes.

Fashion retailer Primark, which has about 190 stores
in Britain, said it would only reopen them when "convinced that
it is safe and right to do so."

Marks & Spencer, which has kept its food business
going through the crisis, was the exception in planning to
reopen the majority of its clothing activities on June 15.

LOOK, DON'T TOUCH

All four retailers are benefiting from a job retention
furlough scheme which the government told employers they will
not have to help meet the cost of until August.

The safety guidance, laid out in a 33-page document,
requires more cleaning, queuing systems with one-way flows and
increased signage, and fewer customers in stores, while shopping
with children is discouraged.

As at supermarkets, which have traded through the lockdown,
check-out areas in English stores will have increased screening,
while store staff will wear equipment such as face masks and
gloves. Regular hand sanitisation will be encouraged.

Customers will also be encouraged to avoid handling products
whilst browsing - a particular problem for clothing retailers.

Fitting rooms should be closed wherever possible, while
goods that have been tried-on or returned by customers should be
stored in a container or separate room for 72 hours, or cleaned,
before being re-displayed.

"Queues outside stores, restricted numbers inside, no
ability to browse with friends, nor to try on (or possibly even
touch) clothes before the purchasing decision will all severely
detract from the shopping experience," David Beadle of Moody’s
Investors Service said.

"As such, prospects of lower revenue and additional costs
will see some retailers keep shops closed initially at least."
(Reporting by James Davey; Editing by Susan Fenton and
Alexander Smith)

More News
25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

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

Read more
22 Mar 2024 09:21

British Land appoints Next's CFO as non-executive director

(Alliance News) - British Land Co PLC on Friday said it has hired fashion retailer Next PLC's chief financial officer, Amanda Jones, as non-executive director, with effect from July 1.

Read more
22 Mar 2024 08:59

LONDON BROKER RATINGS: RBC cuts St James's Place; HSBC cuts Ascential

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

Read more
21 Mar 2024 16:53

LONDON MARKET CLOSE: FTSE 100 up as investors see Fed, BoE cuts ahead

(Alliance News) - London's FTSE 100 jumped on Thursday, as markets rallied on the back of dovish interest rate decision statements from both the US Federal Reserve and Bank of England.

Read more
21 Mar 2024 16:33

London close: Stocks rise as BoE keeps rates on hold

(Sharecast News) - London markets closed higher on Thursday, sustaining gains after the Bank of England adhered to expectations by maintaining interest rates at a 16-year high.

Read more
21 Mar 2024 13:24

Moneysupermarket.com hires chair designate as part of succession plan

(Alliance News) - Moneysupermarket.com Group PLC on Thursday announced the appointment of its new chair designate as an independent non-executive director.

Read more
21 Mar 2024 12:19

LONDON MARKET MIDDAY: Stocks boosted as BoE keeps rates unchanged

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England left interest rates unchanged, in a vote which remained split.

Read more
21 Mar 2024 09:20

TOP NEWS: Next celebrates record year as profit beats expectations

(Alliance News) - Next PLC on Thursday maintained its sales and profit guidance for the coming financial year after reporting record figures last year.

Read more
21 Mar 2024 08:59

LONDON MARKET OPEN: New York rally extends to London ahead of BoE

(Alliance News) - Stock prices in London opened higher on Thursday, following in New York's footsteps.

Read more
21 Mar 2024 07:52

LONDON BRIEFING: Stocks called up thanks to New York rally

(Alliance News) - Stocks in London are to open higher on Thursday, after a global equity market rally following the latest interest rate call from the US Federal Reserve.

Read more
21 Mar 2024 07:09

Next holds guidance as annual profits rise 5%

(Sharecast News) - Shares in UK fashion retailer Next jumped on Thursday as it held guidance for 2024 after posting a better-than-expected 5% rise in annual profits and flagged lower prices for customers this year.

Read more
14 Mar 2024 15:06

UK earnings, trading statements calendar - next 7 days

Friday 15 March 
Berkeley Group Holdings PLCTrading Statement
Volution Group PLCHalf Year Results
Monday 18 March 
Marshalls PLCFull Year Results
Seeing Machines LtdHalf Year Results
Serinus Energy PLCFull Year Results
SigmaRoc PLCFull Year Results
Team Internet Group PLCFull Year Results
Tuesday 19 March 
Atalaya Mining PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Essentra PLCFull Year Results
Fintel PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Midwich Group PLCFull Year Results
Mpac Group PLCFull Year Results
MP Evans Group PLCFull Year Results
Pebble Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
Yu Group PLCFull Year Results
Zotefoams PLCFull Year Results
Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Stock Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
26 Feb 2024 09:36

PRESS: Next mulls rescue bid for ailing beauty chain, the Body Shop

(Alliance News) - Next PLC has approached administrators to the Body Shop about a potential deal to purchase parts of the stricken cosmetics chain, according to a report on Saturday.

Read more
1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

Read more
1 Feb 2024 13:34

Broker tips: Next, Marshalls, easyJet

(Sharecast News) - Barclays downgraded Next to 'equalweight' from 'overweight' on Thursday but lifted the price target to 8,500p from 8,250p, as it said the valuation is now reasonable.

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.