Next poised for strong profit growth amid challenging market conditions

The Handelsverband Deutschland, HDE, expects the closure of around 4,500 shops throughout Germany this year.

Retail once again shows slight growth. Nevertheless, the number of shops this year continues to decline, fears the Handelsverband Deutschland.

Next poised for strong profit growth amid challenging market conditions

Next is set to report a significant increase in annual profits, highlighting its resilience and strong trading performance despite ongoing economic uncertainty. The retailer has consistently outperformed competitors on the high street, defying challenging market conditions. Over the past two years, Next has upgraded its sales and profit forecasts nine times, driving its shares to record highs in 2023. Investors are optimistic that the company wi…

Retail’s Resilience Roadmap – Five Steps to Building Business Strength

The UK retail sector continues to grapple with significant challenges, from rising operational costs and a greater tax burden to shifting consumer behaviours and macroeconomic uncertainty. The surge in online and social media shopping has taken its toll on high street footfall, with The Centre for Retail Research forecasting approximately 17,350 retail site closures in […] The post Retail’s Resilience Roadmap – Five Steps to Building Business St…

Number of UK store closures warns of ongoing retail crises

The decline in retail stores will likely continue in 2025. "We expect around 4,500 stores to close across Germany this year," Alexander von Preen, President of the German Retail Association (HDE), told the Funke media group. "In 2015, we had 370,000 stores nationwide; now there are only around 300,000. That's dramatic." Vacancy rates in city centers have become increasingly visible since the coronavirus pandemic. To reverse the trend, rental mod…