Member Info for Peoplepower1

One thing appears to be certain, the longer the pandemic encourages online shopping, the more likely it is that customers will keep shopping that way. What might start as an experiment or lockdown necessity, over time, becomes increasingly normal and convenient.

Stated in Next plc Report regarding their final results on Thursday 1 April 2021

There remains a big question mark over the level of sales our stores will achieve when they reopen. The pandemic has served to accelerate a pre-existing social trend - the move to more online shopping. History has been given a shove and, having moved forward, seems unlikely to reverse.

Stated in Next plc Report regarding their final results on Thursday 1 April 2021

Boohoo Group Brands have a separate management team and a separate design team.

WolfofWarks - you forgot the Times who started the bashing of Boohoo on 5 July 2020 with their undercover article about Boohoo.

The London Stock Exchange is closed for Good Friday and East Monday. Opens again on Tuesday 6 April 2021.

Wishing everyone a happy, safe and peaceful Easter.

Ooops, my mistake, that should be - Asos Interim Results for six months to 28 February 2021 will be released on Thursday 8 April 2021.

Next plc final year online results for year ending 31 January 2021 look great for Boohoo Group's final year results for year ending 28 February 2021 to be released on Wednesday 5 May 2021.

Asos Interim Results for six months to 31 January 2021 will be released on Thursday 8 April 2021.

From page 57 in Next plc Report:-

In the first eight weeks of the year, Online sales have been stronger than expected and are up more than +60% on two years ago.

More from page 51 in Next plc Report:-

Total Platform services include: website systems, an online marketing platform, warehousing for boxed, hanging and palletised products, distribution networks (including to our c.500 stores), returns handling, call centre services, account management systems, payment systems, credit facilities, data management and security systems, international websites and other online infrastructure along with our marketing and operational know-how. We have recently extended the scope of our services to include retail warehousing and distribution alongside the use of our proprietary point-of-sale software.

From page 51 in Next plc Report:-

The aim of Total Platform is to allow clients to grow their business without the capital costs, operational risks and management time associated with developing increasingly complex and expensive infrastructure. No one starts a new brand because they are passionate about warehousing and data protection! Total Platform allows brands to focus on the things they love doing and where they can add the most value - building their product ranges and developing their brand.

From page 50 in Next plc Report:-

Shareholder expectations and regulatory changes in relation to ESG matters have increased significantly over the last couple of years.

From page 37 on Next plc Report:-

The significant growth in Online sales along with social distancing rules created considerable challenges for our warehouse operations. We benefited from a number of changes to improve output

From page 35 on Next plc Report:-

Nearly 60% of full price sales were achieved through brands that operate on a commission basis. As summarised below, commission sales grew faster than wholesale brands and were up +11%.

From Next plc Report:-

We anticipate that Retail sales will not fully recover to pre-COVID levels and, as a result, we have increased our property provisions by £100m. This is the combination of an £18m write down of store assets and an £82m provision for future cash losses arising from onerous leases.

From Next plc Report:-

There remains a big question mark over the level of sales our stores will achieve when they reopen. The pandemic has served to accelerate a pre-existing social trend - the move to more online shopping. History has been given a shove and, having moved forward, seems unlikely to reverse.

From Next plc Report:-

Our best guess is that the consumer economy, at least in the short term, will be healthier than many presume. It seems likely that a combination of pent-up demand along with a healthy overall increase in personal savings will serve to keep the consumer economy moving forward.

From Next plc Report:-

One thing appears to be certain, the longer the pandemic encourages online shopping, the more likely it is that customers will keep shopping that way. What might start as an experiment or lockdown necessity, over time, becomes increasingly normal and convenient.

From Next plc Report:-

Unlike physical stores, the internet is unconstrained by limited display space. In addition, items can be made available online with minimal stock investment, whereas making an item available across 500 stores, in several sizes, requires thousands of units.

From Next plc Final Results Report:-

In the first eight weeks of the year, Online sales have been stronger than expected and are up more than +60% on two years ago.

Next plc final year results for year ending 31 January 2021 are out tomorrow, Thursday 1 April 2021.