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: 9,144.00
Bid: 9,144.00
Ask: 9,148.00
Change: 46.00 (0.51%)
Spread: 4.00 (0.044%)
Open: 9,240.00
High: 9,274.00
Low: 9,116.00
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
2 Nov 2023 10:14

LONDON BROKER RATINGS: Bank of America starts Unite Group with 'buy'

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

Read more
1 Nov 2023 16:52

LONDON MARKET CLOSE: Stocks prosper ahead of central bank rate calls

(Alliance News) - Stocks in London took their lead from a positive start on Wall Street to close higher as investors prepare for interest rate decisions in the UK and US.

Read more
1 Nov 2023 16:35

London close: Stocks rise ahead of US Fed policy decision

(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

Read more
1 Nov 2023 11:39

LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England.

Read more
1 Nov 2023 08:56

TOP NEWS: Next ups full year profit guidance as quarterly sales grow

(Alliance News) - Next PLC on Wednesday said it had raised its annual profit guidance to GBP885 million after its third quarter sales beat expectations.

Read more
1 Nov 2023 08:50

LONDON MARKET OPEN: FTSE 100 up, FTSE 250 down as Aston Martin tumbles

(Alliance News) - Stock prices in London opened mixed on Wednesday, ahead of key central bank decisions, as investors were cheered by some strong updates from large-cap listings.

Read more
1 Nov 2023 07:40

LONDON BRIEFING: GSK raises annual guidance following Arexvy launch

(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.

Read more
1 Nov 2023 07:01

Next boosts full-year sales guidance

(Sharecast News) - Next boosted its full-year guidance on Wednesday, after third-quarter trading beat internal expectations.

Read more
25 Oct 2023 16:01

UK earnings, trading statements calendar - next 7 days

Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
Tuesday 31 October 
BP PLCQ3 Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCFull Year Results
Georgia Capital PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
RHI Magnesita NVTrading Statement
Spectris PLCQ3 Results
TP ICAP Group PLCTrading Statement
UP Global Sourcing Holdings PLCFull Year Results
Wednesday 1 November 
Asos PLCFull Year Results
Aston Martin Lagonda Global Holdings PLCQ3 Results
Beximco Pharmaceuticals LtdFull Year Results
GSK PLCQ3 Results
Next PLCTrading Statement
Smurfit Kappa Group PLCTrading Statement
Weir Group PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
23 Oct 2023 19:21

London close: Stocks mixed at start of busy week

(Sharecast News) - London's stock markets finished with a varied performance on Monday, driven by concerns over rising UK bond yields and global interest rate trends.

Read more
13 Oct 2023 17:08

LONDON MARKET CLOSE: Stocks red as rate fears weigh on investors

(Alliance News) - Stocks closed lower on Friday in London as investors looked increasingly risk averse amid an expectation that interest rates will stay higher for longer and clashes continue in the Middle East.

Read more
13 Oct 2023 17:00

LONDON MARKET CLOSE: Stocks lower as conflict and rate fears weigh

(Alliance News) - Stocks in London ended in the red on Friday as escalating tensions in the Middle East and the prospect of interest rates staying higher for longer put investors in a firmly risk-off mood.

Read more
13 Oct 2023 15:50

Next to buy FatFace in £115.2m deal

(Sharecast News) - Clothing and homeware retailer Next said on Friday that it has agreed to buy FatFace for £115.2m from a consortium of financial institutions.

Read more
13 Oct 2023 15:49

TOP NEWS: Next to acquire FatFace for GBP115.2 million

(Alliance News) - Next PLC on Friday said it will acquire FatFace Group Ltd for GBP115.2 million from a consortium of financial institutions.

Read more
11 Oct 2023 16:48

PRESS: Next eyes up FatFace in GBP100 million deal - Sky News

(Alliance News) - Sky News on Thursday reported that Next PLC is lining up FatFace as its latest high street takeover deal.

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.