Next
Revenue £1.85bn Dividend 50p
It is possible that Lord Wolfson of Aspley Guise does not appreciate that not everyone is as clever as he is. Next’s chief executive has a reputation as the intellectual of the retail sector, and trading statements reflect this; his conclusions are not always easily understood by lesser mortals.
He was one of the first to appreciate that growth is not a matter of opening more and more holes in the high street. He was one of the first into click and collect, now standard in much of the sector.
Halfway figures from Next, though, show that its Directory business grew at a lower rate than retail stores, taking in new outlets, for the first time in some years.
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