Next (NXT)

Sector:

Retailers

Index:

FTSE 100

9,178.00p
   
  • Change Today:
    -12.00p
  • 52 Week High: 9,288.00
  • 52 Week Low: 6,346.00
  • Currency: UK Pounds
  • Shares Issued: 127.13m
  • Volume: 35,770
  • Market Cap: £11,668m
  • RiskGrade: 153

UK retail sales rise after easing of lockdown - BRC

By Sean Farrell

Date: Tuesday 11 May 2021

LONDON (ShareCast) - (Sharecast News) - UK retail sales rose 7.3% in April, boosted by strong demand after non-essential stores reopened, industry figures showed.
The rate of growth from April 2019 was above the three-month average of 6% as pent-up demand and increased confidence enticed shoppers back to stores after more than three months of lockdown, the British Retail Consortium said.

Non-food sales rose by a quarter on a like-for-like basis in the three months to April and by 46% in the month of April from two years earlier, when figures were unaffected by Covid-19. In the three weeks after stores reopened on 12 April, non-food sales rose 25% from March, when shops were closed.

Online non-food sales rose 57% in April compared with a 4.3% gain in April 2019 but the rate of growth was less than the three month average of 83% that resulted from lockdown.

The BRC said the figures were good news but warned the industry was still fragile with 530,000 retail employees still on furlough and government support on business rates due to come to an end. Many stores were forced to close during the pandemic and economic uncertainty and high costs mean the sector remains under threat.

Helen Dickinson, the BRC's chief executive, said: With the short-term pent-up demand for the shopping experience drawing consumers back to stores, non-food sales across stores. It is great to see customers feeling confident visiting shops, a testament to the ongoing investment by retailers in making their stores, warehouses, and deliveries Covid-secure.

"However, this sales growth is fragile. There is little competition for share of spending while parts of hospitality, leisure, and tourism remain restricted and inner cities and town centres continue to perform poorly as many people continue to work from home."

Furniture was the top-ranked category in April, up from number 9 in March, and sales of clothing improved sharply. Next, a retail bellwether, raised its guidance on 6 May after sales beat expectations. Total sales of health and beauty products, stationery, toys and jewellery fell in April, BRC said.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Next Market Data

Currency UK Pounds
Share Price 9,178.00p
Change Today -12.00p
% Change -0.13 %
52 Week High 9,288.00
52 Week Low 6,346.00
Volume 35,770
Shares Issued 127.13m
Market Cap £11,668m
RiskGrade 153

Next Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.09% below the market average76.09% below the market average76.09% below the market average76.09% below the market average76.09% below the market average
78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average78.95% below the sector average
Price Trend
89.91% above the market average89.91% above the market average89.91% above the market average89.91% above the market average89.91% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
17.44% below the market average17.44% below the market average17.44% below the market average17.44% below the market average17.44% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Growth
31.16% above the market average31.16% above the market average31.16% above the market average31.16% above the market average31.16% above the market average
64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 13
Sell 1
Strong Sell 1
Total 21
neutral
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Next Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Jul-24 07-Dec-23
Paid 01-Aug-24 03-Jan-24
Amount 141.00p 66.00p

Trades for 24-Apr-2024

Time Volume / Share Price
11:24 21 @ 9,179.64p
11:23 1 @ 9,178.00p
11:21 1 @ 9,180.00p
11:21 29 @ 9,180.00p
11:21 7 @ 9,180.00p

Next Key Personnel

CEO Wolfson Aspley Guise
Finance Director Amanda James
Chair Michael J Roney

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