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Financial Markets

Next Cuts Full-Year Forecast as Quarterly Sales Miss Estimates

Next Plc, the U.K.’s second-largest clothing retailer, cut its full-year forecasts as an extended period of unseasonably warm weather led shoppers to delay updating their wardrobes.


News & Analysis

Next Profit Gains as U.K. Retailer Surpasses M&S for First Time

LONDON, United Kingdom — Next Plc, the U.K.'s second-largest clothing retailer, reported a 12 percent increase in full-year earnings, making more


News & Analysis

M&S Investors Bank on Next-Style Cash Returns as Sales Decline

LONDON, United Kingdom — Marks & Spencer Group Plc Chief Executive Officer Marc Bolland doesn't make as much money selling clothes as smaller rival


Global Markets

'Speed Money' Puts the Brakes on India's Retail Growth

MUMBAI, India — Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was