Next (#NXT) – Q1 full price sales -1.5% on two years ago
- 2021-05-06 07:40:56
UK 02:14 Monday, 21 September 2026
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Back in late July last year I observed HERE that ‘Not every company is as smart or helpful as Next plc (NXT)’. Since then the stock has risen from below £57 to today’s price of over £80. So how is the clothing (and other) retailer getting on and is there any value today in the name?
Hello, Share Crunchers. It would take a brave investor to consider putting money into high street stores. This seemed true before the virus struck and is even more pertinent now. This week I commended Associated British Foods (ABF) to your further inquiries mainly because Primark’s low prices were likely to beat its competitors and so ride out the virus. But Next plc (NXT) is a different story, in my view...
A quick glance at the FTSE-100 flirting again with the 6,000 index point level might have calmed the casual investor to think that everything was seamlessly slipping into a 'V-shaped' recovery. More experienced investors understand that there are multiple psychological, flow and - yes - fundamental factors at work. That it is complex out there is shown by the tone and content of today's trading update by Next (NXT), a company whose capability to work out a plan I have lauded before...
You know my thoughts on Next (NXT) already: a business with a management team who have a plan. The last time I wrote on the stock - when it closed its online channel to ensure social distancing could be achieved for staff members - a couple of weeks ago, I observed that it was a company with 'an ability to both quantify the challenges and evolve its thoughts'. Suffice to say, these are both traits you want to see in management teams. Markets have pushed up further since I published that piece but do not break out the champagne yet…
Just over a week ago, I highlighted the depth of the corporate plan unveiled by clothing retail behemoth Next (NXT) in response to the coronavirus challenges. It is always better to have a plan than not and Next was particularly strong in highlighting a range of potential scenarios including - in the most pessimistic scenario - a 100% fall in sales over the next few upcoming weeks. Well that may be coming to pass…
I own some Next (NXT) clothes but do not own any shares in the business, though I have to say I am super-impressed by today's very lengthy full-year update from the company. Forget the trading numbers in the year up to the end of January (they were fine), because naturally it is all about the coronavirus…
As the markets start to recover from their holiday slumber and consider what a new decade could bring, at least something in the corporate world has remained a constant: a solid set of numbers from clothing retail behemoth Next (NXT)…
Brexit excitements, eh? The merest whiff of some kind of deal and hello a rotation into UK domestic shares such as the banks, the housebuilders and - of course - retail. All good fun and certainly - as I talked about before - this is where most of the value in UK equities is currently...
Hello Share Thrashers. From being sceptical about retailers being able to grow their share prices, I am beginning to change my mind. Well, for selected chains at least. One company which I think might buck a downward trend is Next (NXT)...
