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Next plc (NXT) is a British multinational retailer that provides fashion clothing, footwear and accessories for women, men and children. It also offers home products and furniture. Launched in 1982 and headquartered in Enderby, Leicestershire, the company has around 700 stores across Europe, Asia and the Middle East.
In common with other mid-market clothing retailers, Next faces strong competition from both budget and premium rivals. However, in 2018, the company was the second biggest clothing retailer in the UK by sales, with a market share of 7.1 per cent. In its financial year ended January 2020, the business posted total sales of £4.362bn.
Next shares are traded on the London Stock Exchange (LSE) under the ticker symbol NXT. The company is a constituent of the FTSE 100 Index.
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Next plc has its roots in menswear business J Hepworth & Son, which was founded in Leeds in 1864. In 1981, Hepworth bought the chain of Kendall and Sons stores and converted them to the new Next brand. Hepworth stores then followed suit, and in 1986, the company changed its name to Next plc.
There was a period of turmoil in 1988, when NXT shares plunged as the business overstretched itself and chief executive George Davies was sacked. But by 1994, Next had opened its 300th store and was trading in 16 countries around the world. In 2008, the company acquired younger women’s fashion brand Lipsy. Next was named British High Street Retailer of the Year in 2009.
Today, Next operates through three divisions: Next Retail, a chain of 550+ retail branches in the UK; Next Directory, a home shopping catalogue and website with more than 3 million active customers, and Next International, with 180+ international stores.
Its other businesses include Next Sourcing and Lipsy, which designs and sells its own branded younger women's fashion products through wholesale, retail and website channels.
With Capital.com’s Next share price chart, you can not only quickly view the current price of shares in NXT stock but also trace the company’s shares value in historic terms.
The Next stock price has been rather volatile in recent years, falling from an all-time high of £80 in October 2015 to £36.55 in July 2017, before staging a modest recovery. The first quarter of 2018 saw the shares trading between £46.80 and £52.20. The stock ended the year at £44.78 per share.
NXT shares then gained an upside momentum in 2019, starting to soar from the first days of the year. The stock eventually peaked at £73.40 on December 16, before closing 2019 at £68.92.
However, in the first half of 2020, the Covid-19 pandemic led to many brick-and-mortar retailing businesses losing their customers and, hence, profits, with a number of companies filing for bankruptcy. Next also took a hard hit and, on April 3, the stock traded at £33.90 per share, its multi-year lowest level. At the beginning of summer, the Next share value jumped higher to £56 on June 8.
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