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56
Fashion Jobs
PUMA
Key Account Executive - Ire
Permanent · Dublin
SHISEIDO
Nars Account Manager- Brown Thomas, Cork (37.5 Hours)
Permanent · Cork City
TAPESTRY
Supervisor i - ce ir Arnotts (Women) (37.5 Hours)
Permanent · Dublin
CLAUDIE PIERLOT IRLANDE
Sales Assistant - Part Time - Permanent- bt Dundrum m/f
Permanent · DUBLIN
CLAUDIE PIERLOT IRLANDE
Sales Assistant - Part Time - Fixed-Term - bt Dundrum m/f
Fixed-term · DUBLIN
RITUALS
Sales Advisor - Brown Thomas Limerick (7.5 Hours)
Permanent · Limerick
SHISEIDO
Nars Counter Manager - bt2 Blanchardstown (37.5 Hours)
Permanent · Dublin
RITUALS
Assistant Counter Manager - Arnotts Dublin
Permanent · Dublin 1
TAPESTRY
Sales Associate Iii - ce ir Kildare (11-19 Hours)
Permanent · Kildare
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (37.5 Hours)
Permanent · Dublin
SHISEIDO
Nars Assistant Manager - Brown Thomas Cork (37.5 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Galway (3 Month Ftc, 22.5 Hours)
Fixed-term · Galway
SHISEIDO
Nars Makeup Artist - Brown Thomas Cork (30 Hours)
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Dublin (15 Hours)
Permanent · Dublin
LULULEMON
Store Manager | Dublin Grafton Street
Permanent · Dublin
LULULEMON
Store Manager | Dublin Brown Thomas
Permanent · Dublin
LULULEMON
Key Leader | Brown Thomas Cork
Permanent · Cork
SHISEIDO
Nars Makeup Artist - Brown Thomas Limerick (15 Hours)
Permanent · Limerick
TK MAXX
10014-Associate
Permanent · Dublin
LEVI'S
p/t Sales Associate With Mid w Availability
Permanent · Dublin
LEVI'S
Keyholder 20+ pw
Permanent · Dublin
TK MAXX
10014-Associate
Permanent · Galway
By
Reuters
Published
Sep 9, 2008
Reading time
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Next's first-half profit fall to add to retail gloom

By
Reuters
Published
Sep 9, 2008

LONDON (Reuters) - Fashion retailer Next is expected to report a 14 percent fall in first-half profit on Wednesday, starkly illustrating how deteriorating economic conditions have deterred shoppers from spending.

The country's second-largest clothing retailer by value, according to Verdict Research, is not expected to publish a current trading statement with its results but is expected to reiterate a downbeat assessment of the second half and beyond.

Next is set to report an underlying profit before tax of 171 million pounds for the 26 weeks to July 26, according to the average of six analysts polled by Reuters, down from 198 million in the same period last year. Analysts' estimates range from 166 million to 177 million.

The profit fall reflects a sales decline already reported in a July 30 trading statement, partly offset by gross margin gains.

The update showed like-for-like full-price sales in the 353 Next Retail stores unaffected by new openings fell 6.0 percent, while sales in the Next Directory home shopping operation increased 2.0 percent.

The group also said in the update it remained "very cautious" on the outlook and was preparing for Next Retail's second-half full-price like-for-like sales to be down by a similar amount to that of the first half, anticipating its customers' discretionary spending would continue to be squeezed.

"In the current retail environment we see significant adverse risks to estimates ... We would expect management's outlook statement to remain resolutely cautious," said analysts at Landsbanki in a preview note.

Many UK retailers are struggling as consumers curb spending because of higher fuel, food and mortgage costs. Fashion retailers have also had to cope with a second consecutive summer of dismal weather.

Last month the Confederation of British Industry, the employers' organisation, said retail sales in August fell at their sharpest pace in at least 25 years.

In June the UK's biggest clothing retailer Marks & Spencer Group Plc (MKS.L) issued a shock profit warning, wiping out a quarter of its market capitalisation.

Analysts expect Next to maintain its interim dividend payout at 18.0 pence.

For Next's full year to the end of January 2009 they are forecasting a pretax profit of about 435 million pounds, down from 498 million in the previous year.

The group's shares have halved over the last year, underperforming the DJ Stoxx European retail index by 25 percent.

The stock closed on Friday at 1,083 pence, valuing the business at 3.75 billion pounds.

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