300
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
Reuters API
Published
Aug 4, 2022
Download
Download the article
Print
Text size

UK retailer Next lifts outlook on strong clothing demand

By
Reuters API
Published
Aug 4, 2022

Retailer Next, a mainstay of Britain's shopping streets, defied the economic gloom on Thursday to lift its full-year sales and profit forecasts after warm weather in June and July spurred better-than-expected trade.


Next



With food retailers warning that shoppers were starting to cut their spending as inflation heads for double digits, analysts and investors have turned cautious on the British economy as households face the tightest squeeze since the 1950s.

Next, which trades from about 500 stores and online, said the warm weather had helped to spur sales while a post-pandemic return to formal events such as weddings had played to its strengths.

Despite this, it did not expect the rate of growth to continue as the one-off impact from warm weather fades and inflation eats into consumer budgets. The Bank of England is expected to raise interest rates by the most since 1995 later on Thursday, adding to the pressure.

"The stronger than expected sales performance in Q2 is not expected to continue into the second half," Next said.

Full-price sales rose 5% in the second quarter from the same period last year, 50 million pounds ahead of the firm's previous guidance.

Next said it now expected full-price sales to rise by around 6.2% in the 2022/23 year, compared with an earlier forecast of 5%. It raised its pre-tax forecast by £10 million to £860 million pounds ($1.04 billion).

© Thomson Reuters 2024 All rights reserved.