Next “cautious” about second half of 2008

Next has warned of a “cautious” outlook for the second half of the year, after a fall in first half revenue. The retailer reported its results for the first half ended July 26 today (July 30).

The retailer says it expects a similar figure for the second half of the year. It is renovating stores and adding new clothes ranges to attract customers, as higher household bills sap disposable incomes

It says: “We remain very cautious about the outlook for the second half and can see no reason for any improvement in consumer spending. Indeed, the economic risks appear to us to be on the downside.”

Like-for like sales in its 353 stores, not including new openings, were down by 2.4% in the second quarter. Next says the improvement on the first quarter drop of 9.4% was due to unusual weather patterns.

Next has set aside £122m to spend on its stores in 2007 and will renovate, refit or redecorate almost three-quarters of its 502 outlets by the end of this year.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here