Roundtable Discussion; The Future of Mineral Sands. Watch the video 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: 9,098.00
Bid: 9,110.00
Ask: 9,114.00
Change: 120.00 (1.34%)
Spread: 4.00 (0.044%)
Open: 9,066.00
High: 9,144.00
Low: 9,008.00
Prev. Close: 8,978.00
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 3-Primark the star attraction as England's stores reopen after lockdown

Mon, 15th Jun 2020 10:01

* Non-essential retail closed since March 23

* Queues at reopened stores

* Shopper numbers up 42% week-on-week - Springboard

* Stores must adhere to social distancing regulations
(Updates Next reopenings)

By James Davey

LONDON, June 15 (Reuters) - Long queues of shoppers snaked
around stores in England on Monday, with discount fashion
retailer Primark proving a particular draw as shops reopened
their doors after 83 days of lockdown.

Queues formed from early morning outside several branches of
Primark, which does not sell online so has not made a penny in
the UK for months.

The chain reopened some of its stores early, including its
biggest in Birmingham, to avoid overcrowding as hundreds of
people lined up outside. At its Leeds store, the estimated
afternoon wait time to get in was up to an hour.

There was also a big queue outside the Nike Town store on
London's Oxford Street, the capital's busiest shopping street,
with many shoppers ignoring social distancing rules.

Department stores, clothing retailers, electrical outlets,
bookshops and other non-essential stores have been closed since
March 23 when Prime Minister Boris Johnson imposed a lockdown to
limit the spread of the coronavirus.

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

The UK government is encouraging people to go out and spend
to help boost the economy, which shrank by a quarter over March
and April.

The British Retail Consortium reckons the lockdown has cost
non-food stores 1.8 billion pounds ($2.3 billion) a week in lost
revenues.

"The government's priorities have always been lives first,
but clearly restoring livelihoods, protecting jobs, making sure
our economy can motor and recover again is really important,"
business minister Paul Scully told Sky News.

STORES LOOKING DIFFERENT

Retail footfall across England's retail destinations had
increased by 41.7% up to 1100 GMT in comparison to last Monday,
researcher Springboard said.

Stores look very different, though, as they must observe
social distancing regulations. As well as having to queue
outside as numbers inside are restricted, shoppers are greeted
with hand sanitisers and there are limits on touching and trying
out products.

Some chains are reopening all their English stores, while
others are taking a phased approach.

Primark, owned by Associated British Foods, reopened
all its 153 stores, while Marks & Spencer, which has
traded online and kept its food halls open, reopened the
majority of its clothing space.

Rival Next reopened 64 stores, having already
reopened 64 homeware stores during the lockdown. John Lewis
reopened just two outlets.

Many small independent stores, where it is difficult to
implement safe social distancing practices, remained closed.

Sofie Willmott, an analyst at GlobalData, said that while
the queues on high streets might look promising for retailers,
there were tough times ahead.

"Footfall and spending will take a long time to return to
pre-COVID levels," she added.

($1 = 0.7973 pounds)
(Reporting by James Davey; Editing by Mark Potter and Pravin
Char)

More News
11 Oct 2023 15:01

London close: Stocks weaker amid Gaza tensions, hot US producer prices

(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.

Read more
11 Oct 2023 12:50

Next close to snapping up FatFace in £100m deal - report

(Sharecast News) - Next is reportedly close to snapping up FatFace in a deal worth more than £100m.

Read more
9 Oct 2023 15:40

London close: Stocks slip into red on growing Middle East concerns

(Sharecast News) - London's financial markets closed in the red on Monday, relinquishing earlier gains as geopolitical tensions emanating from the Israel-Gaza conflict hit global sentiment.

Read more
9 Oct 2023 10:33

JPMorgan places Next, AB Foods on 'negative catalyst watch'

(Sharecast News) - JPMorgan Cazenove placed the shares of Next and Primark owner Associated British Foods on 'negative catalyst watch' on Monday as it took a look at the European general retail sector.

Read more
9 Oct 2023 08:54

LONDON BROKER RATINGS: Numis raises Rotork and cuts Bodycote

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

Read more
9 Oct 2023 07:42

LONDON BRIEFING: Metro Bank secures deal to shore up finances

(Alliance News) - Stocks in London are set to open higher on Monday as interest rate expectations held steady despite Friday's bumper US nonfarm payrolls report.

Read more
2 Oct 2023 17:17

TOP NEWS: Next CFO to step down next year; announces successor

(Alliance News) - Next PLC on Monday announced that Chief Financial Officer Amanda James has decided to retire from full-time work and will step down from its board on July 26, 2024.

Read more
2 Oct 2023 15:00

Next CFO Amanda James to step down next year

(Sharecast News) - Clothing and homeware retailer Next said on Monday that chief financial officer Amanda James plans to step down from the board in July 2024 after 28 years with the company.

Read more
26 Sep 2023 09:23

LONDON BROKER RATINGS: RBC likes Bellway, Redrow among housebuilders

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

Read more
22 Sep 2023 09:33

LONDON BROKER RATINGS: BoA likes Dowlais; JPMorgan cuts Phoenix Group

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

Read more
22 Sep 2023 08:42

LONDON MARKET OPEN: Stocks slip after central bank rate calls

(Alliance News) - Stock prices in London opened lower on Friday, but managed to avoid the steep declines seen in New York, as investors mulled over an eventful week dominated by central bank decisions.

Read more
21 Sep 2023 16:56

LONDON MARKET CLOSE: Hawkish Fed hits risk appetite as BoE hurts pound

(Alliance News) - Stock prices in Europe closed lower on Thursday as hawkish words from the Federal Reserve hit equities, while the FTSE 100 ended off morning lows but failed to cling onto the gains it made after the Bank of England stood pat on interest rates.

Read more
21 Sep 2023 12:20

LONDON MARKET MIDDAY: Sterling slumps as BoE ends hiking streak

(Alliance News) - Stocks in London perked up heading into Thursday afternoon after the Bank of England, like the Federal Reserve, decided against a hike, hurting the pound.

Read more
21 Sep 2023 09:47

TOP NEWS: Next raises annual guidance on sales and profit boost

(Alliance News) - Next PLC on Wednesday said profit and sales both increased around 5% in its latest half year and raised its full year guidance, adding that it expects inflationary pressures to ease in financial 2025.

Read more
21 Sep 2023 09:02

LONDON MARKET OPEN: Oil majors, miners fall but retailers outperform

(Alliance News) - Stock prices in London opened in the red on Thursday, as sentiment took a hit from the prospect of another interest rate hike from the Federal Reserve, as investors awaited news from the Bank of England at midday.

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.