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Next Surges as E-Commerce Sales Boost Fuels Guidance Upgrade

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Next Plc shares surged after the company raised its financial guidance, helped by e-commerce investments that are keeping the U.K. retail bellwether ahead of troubled rivals. The apparel chain’s warehouse and distribution upgrades are boosting online sales, which rose 12 percent in the latest quarter, even as British department stores and other fashion chains sink…

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